SLT Holdings LLC Has $1.02 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

SLT Holdings LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 279.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,437 shares of the investment management company’s stock after acquiring an additional 1,058 shares during the period. The Goldman Sachs Group comprises 0.8% of SLT Holdings LLC’s holdings, making the stock its 29th largest holding. SLT Holdings LLC’s holdings in The Goldman Sachs Group were worth $1,017,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in The Goldman Sachs Group in the first quarter valued at about $25,000. Dogwood Wealth Management LLC boosted its stake in shares of The Goldman Sachs Group by 1,800.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. American Capital Advisory LLC acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $29,000. Cornerstone Planning Group LLC boosted its stake in shares of The Goldman Sachs Group by 46.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 23 shares in the last quarter. Finally, Ridgewood Investments LLC boosted its position in The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the transaction, the chief executive officer directly owned 126,176 shares of the company’s stock, valued at $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the transaction, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock valued at $28,111,828 in the last ninety days. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Down 1.9%

Shares of GS opened at $765.14 on Friday. The stock’s 50-day moving average price is $760.79 and its two-hundred day moving average price is $662.32. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The company has a market capitalization of $231.62 billion, a PE ratio of 16.86, a PEG ratio of 1.47 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25.

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

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were paid a $4.00 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, August 29th. The Goldman Sachs Group’s payout ratio is presently 35.26%.

Wall Street Analyst Weigh In

GS has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their target price on shares of The Goldman Sachs Group from $750.00 to $843.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 1st. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Deutsche Bank Aktiengesellschaft lifted their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Finally, Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Five analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $727.31.

The Goldman Sachs Group 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.