The Goldman Sachs Group, Inc. $GS Shares Purchased by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 12,608 shares of the investment management company’s stock after acquiring an additional 654 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in The Goldman Sachs Group were worth $8,923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GS. Kingstone Capital Partners Texas LLC lifted its position in shares of The Goldman Sachs Group by 617,504.5% during the second 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 in the last quarter. International Assets Investment Management LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter worth $1,766,238,000. Nuveen LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter worth $897,185,000. Ninety One UK Ltd acquired a new position in shares of The Goldman Sachs Group during the second quarter worth $408,780,000. Finally, Cohen Investment Advisors LLC lifted its position in shares of The Goldman Sachs Group by 5,559.2% during the first quarter. Cohen Investment Advisors LLC now owns 470,220 shares of the investment management company’s stock worth $256,876,000 after purchasing an additional 461,911 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the business’s stock in a transaction on Friday, July 25th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the transaction, the chief operating officer owned 106,268 shares of the company’s stock, valued at $79,755,196.68. This represents a 7.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock worth $28,111,828 in the last ninety days. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Down 1.0%

GS stock opened at $750.71 on Friday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25. The firm has a fifty day moving average price of $765.25 and a two-hundred day moving average price of $670.40. The firm has a market cap of $227.25 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.39 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The firm had revenue of $11.33 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the previous year, the firm earned $8.40 earnings per share. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 2.1%. The Goldman Sachs Group’s payout ratio is presently 32.50%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GS. Hsbc Global Res cut shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. HSBC lifted their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Finally, Wells Fargo & Company lifted their price target on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $770.73.

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.