WoodTrust Financial Corp Sells 82 Shares of The Goldman Sachs Group, Inc. $GS

WoodTrust Financial Corp reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,974 shares of the investment management company’s stock after selling 82 shares during the quarter. The Goldman Sachs Group comprises about 1.3% of WoodTrust Financial Corp’s portfolio, making the stock its 18th largest position. WoodTrust Financial Corp’s holdings in The Goldman Sachs Group were worth $11,306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GS. Winthrop Advisory Group LLC boosted its position in The Goldman Sachs Group by 3.4% during the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock worth $303,000 after buying an additional 14 shares during the period. NBT Bank N A NY lifted its position in shares of The Goldman Sachs Group by 6.3% during the 2nd quarter. NBT Bank N A NY now owns 9,876 shares of the investment management company’s stock valued at $6,990,000 after acquiring an additional 583 shares during the period. Abel Hall LLC acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at $206,000. Mainsail Asset Management LLC acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at $214,000. Finally, Sax Wealth Advisors LLC increased its stake in The Goldman Sachs Group by 1.6% during the 2nd quarter. Sax Wealth Advisors LLC now owns 1,353 shares of the investment management company’s stock valued at $958,000 after purchasing an additional 21 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the sale, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the sale, the executive vice president owned 65,761 shares of the company’s stock, valued at $47,176,283.79. The trade was a 8.37% 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 over the last ninety days. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GS has been the subject of several 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 note on Monday, July 14th. UBS Group upped their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a report on Tuesday. Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a “market perform” rating in a report on Thursday, July 17th. Finally, Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $727.31.

The Goldman Sachs Group Price Performance

GS opened at $788.56 on Wednesday. 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 50-day moving average price of $757.63 and a 200-day moving average price of $658.90. 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 firm has a market cap of $238.71 billion, a PE ratio of 17.38, a P/E/G ratio of 1.64 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the previous year, the company posted $8.62 EPS. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced 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 dividend yield of 2.0%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend was Friday, August 29th. The Goldman Sachs Group’s payout ratio is 35.26%.

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.