Koss Olinger Consulting LLC Takes $233,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Koss Olinger Consulting LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 427 shares of the investment management company’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GS. GAMMA Investing LLC increased its position in shares of The Goldman Sachs Group by 63,864.7% in the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock valued at $2,172,423,000 after buying an additional 3,970,467 shares in the last quarter. Northern Trust Corp boosted its stake in The Goldman Sachs Group by 15.0% in the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company’s stock worth $1,885,454,000 after buying an additional 428,502 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter worth about $1,766,238,000. Dimensional Fund Advisors LP lifted its stake in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,126,762 shares of the investment management company’s stock valued at $1,217,844,000 after purchasing an additional 20,322 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of The Goldman Sachs Group by 15.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,963,836 shares of the investment management company’s stock valued at $1,124,532,000 after purchasing an additional 256,204 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.3%

NYSE:GS opened at $721.76 on Monday. 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 Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $737.88. The firm has a market capitalization of $218.49 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.53 and a beta of 1.38. The stock has a fifty day simple moving average of $681.52 and a 200 day simple moving average of $614.05.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping 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 firm had revenue of $14.58 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same period last 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 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 firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given 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 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 26.44%.

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 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 sale, the chief financial officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the 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 transaction, the executive vice president directly owned 65,761 shares in the company, valued at approximately $47,176,283.79. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,079 shares of company stock worth $14,423,221 over the last three months. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of several recent research reports. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. JMP Securities reiterated a “market perform” rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Royal Bank Of Canada reissued a “sector perform” rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Finally, Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a “market perform” rating in a research report on Thursday, July 17th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $660.00.

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.