TFG Advisers LLC Has $2.84 Million Holdings in The Goldman Sachs Group, Inc. $GS

TFG Advisers LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,012 shares of the investment management company’s stock after acquiring an additional 58 shares during the period. The Goldman Sachs Group makes up approximately 1.0% of TFG Advisers LLC’s holdings, making the stock its 23rd biggest holding. TFG Advisers LLC’s holdings in The Goldman Sachs Group were worth $2,840,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GS. DMKC Advisory Services LLC raised its holdings in The Goldman Sachs Group by 7.1% during the 2nd quarter. DMKC Advisory Services LLC now owns 4,519 shares of the investment management company’s stock worth $3,190,000 after buying an additional 300 shares during the period. EWA LLC boosted its position in The Goldman Sachs Group by 16.1% during the second quarter. EWA LLC now owns 599 shares of the investment management company’s stock worth $424,000 after purchasing an additional 83 shares during the period. Northstar Group Inc. acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth $205,000. Warren Street Wealth Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth $207,000. Finally, Vicus Capital raised its stake in The Goldman Sachs Group by 9.7% in the second quarter. Vicus Capital now owns 969 shares of the investment management company’s stock valued at $685,000 after purchasing an additional 86 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the firm’s stock in a transaction dated 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 approximately $89,876,426.56. This trade represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction dated 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 $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,323 shares of company stock valued at $28,111,828. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $788.44 on Thursday. The business has a 50 day moving average of $752.61 and a 200 day moving average of $651.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The company has a market cap of $238.68 billion, a PE ratio of 17.37, a P/E/G ratio of 1.65 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25.

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

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were given a $4.00 dividend. 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. This represents a $16.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s payout ratio is 35.26%.

Analyst Ratings Changes

GS has been the topic of a number of recent analyst reports. JMP Securities reiterated a “market perform” rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Wells Fargo & Company increased their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. HSBC reiterated a “reduce” rating and issued a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Finally, Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $709.13.

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.