Delphi Management Inc. MA Lowers Stake in The Goldman Sachs Group, Inc. $GS

Delphi Management Inc. MA lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,272 shares of the investment management company’s stock after selling 113 shares during the period. The Goldman Sachs Group comprises approximately 1.6% of Delphi Management Inc. MA’s holdings, making the stock its 8th biggest position. Delphi Management Inc. MA’s holdings in The Goldman Sachs Group were worth $1,608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $25,000. Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $31,000. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $29,000. Godsey & Gibb Inc. raised its stake in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after acquiring an additional 34 shares during the period. Finally, Lowe Wealth Advisors LLC raised its stake in The Goldman Sachs Group by 326.7% during the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company’s stock worth $35,000 after acquiring an additional 49 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.5%

GS stock opened at $780.87 on Friday. The firm has a fifty day moving average price of $728.85 and a 200 day moving average price of $631.58. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $793.17. 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 firm has a market cap of $236.39 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.65 and a beta of 1.41.

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 the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.62 earnings per share. Sell-side analysts anticipate 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a dividend of $4.00 per share. The ex-dividend date of this dividend is 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 presently 35.26%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research analyst reports. HSBC reaffirmed a “reduce” rating and set a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. 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. Finally, Wall Street Zen upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $660.00.

Insider Activity

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group 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 transaction, the chief financial officer directly owned 18,594 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the transaction, the executive vice president directly 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.

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.