352 Shares in The Goldman Sachs Group, Inc. $GS Bought by BridgePort Financial Solutions LLC

BridgePort Financial Solutions LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 352 shares of the investment management company’s stock, valued at approximately $249,000.

Other large investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its position in The Goldman Sachs Group by 617,504.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after purchasing an additional 29,053,586 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth $1,766,238,000. Nuveen LLC acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth $897,185,000. Assenagon Asset Management S.A. grew its holdings in shares of The Goldman Sachs Group by 102.6% during the first quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company’s stock valued at $8,065,000 after buying an additional 585,084 shares during the last quarter. Finally, Ninety One UK Ltd acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $408,780,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David M. Solomon sold 6,608 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the transaction, the chief executive officer owned 126,176 shares in the company, valued at $89,876,426.56. This trade represents a 4.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,323 shares of company stock worth $28,111,828. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. JMP Securities reaffirmed a “market perform” rating and set a $600.00 price target on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Citizens Jmp reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft upped their target price on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research report on Tuesday, September 30th. Evercore ISI raised their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $717.00.

The Goldman Sachs Group Stock Performance

GS opened at $790.32 on Friday. The firm has a fifty day moving average price of $755.05 and a 200 day moving average price of $655.73. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. The stock has a market cap of $239.25 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.64 and a beta of 1.42. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating analysts’ consensus estimates of $9.82 by $1.09. The company had revenue of $14.58 billion during the quarter, compared to analysts’ expectations of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.62 earnings per share. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s payout ratio is currently 35.26%.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.