Bath Savings Trust Co Has $355,000 Holdings in The Goldman Sachs Group, Inc. $GS

Bath Savings Trust Co trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 502 shares of the investment management company’s stock after selling 15 shares during the period. Bath Savings Trust Co’s holdings in The Goldman Sachs Group were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GS. Brighton Jones LLC increased its holdings in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after buying an additional 508 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in The Goldman Sachs Group during the fourth quarter worth $583,000. Highview Capital Management LLC DE increased its holdings in The Goldman Sachs Group by 4.7% during the fourth quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company’s stock worth $2,186,000 after buying an additional 171 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in The Goldman Sachs Group by 4.5% during the fourth quarter. Two Sigma Investments LP now owns 6,513 shares of the investment management company’s stock worth $3,729,000 after buying an additional 280 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their target price 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. Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Citizens Jmp reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Evercore ISI set a $715.00 price objective on shares of The Goldman Sachs Group and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Finally, 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. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $665.00.

Insider Buying and Selling at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 6,008 shares of the business’s 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 approximately $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John E. Waldron sold 9,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the transaction, the chief operating officer directly owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. This trade represents a 7.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,323 shares of company stock worth $28,111,828. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 1.1%

Shares of The Goldman Sachs Group stock opened at $794.19 on Thursday. The firm has a 50-day moving average of $734.11 and a 200-day moving average of $635.07. The stock has a market cap of $240.42 billion, a PE ratio of 17.50, a PEG ratio of 1.65 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $798.57. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last announced its 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 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 Goldman Sachs Group’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.62 earnings per share. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be given a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is a boost 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 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.26%.

About The Goldman Sachs Group

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.