Signature Estate & Investment Advisors LLC Increases Stock Holdings in The Goldman Sachs Group, Inc. $GS

Signature Estate & Investment Advisors LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,426 shares of the investment management company’s stock after purchasing an additional 55 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sciencast Management LP purchased a new position in The Goldman Sachs Group during the 1st quarter worth $547,000. Guardian Partners Inc. purchased a new position in The Goldman Sachs Group during the 1st quarter worth $1,217,000. Resources Management Corp CT ADV grew its stake in The Goldman Sachs Group by 22.4% during the 1st quarter. Resources Management Corp CT ADV now owns 684 shares of the investment management company’s stock valued at $374,000 after purchasing an additional 125 shares during the last quarter. Knightsbridge Asset Management LLC grew its stake in The Goldman Sachs Group by 44.0% during the 1st quarter. Knightsbridge Asset Management LLC now owns 740 shares of the investment management company’s stock valued at $404,000 after purchasing an additional 226 shares during the last quarter. Finally, Coordinated Financial Services Inc. CO purchased a new stake in The Goldman Sachs Group during the 1st quarter valued at about $383,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 18,594 shares in the company, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO John E. Waldron sold 9,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 106,268 shares in the company, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock worth $28,111,828 over the last ninety days. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on GS. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a “market perform” rating in a research note on Thursday, July 17th. Hsbc Global Res downgraded The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Citigroup boosted their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Citizens Jmp reiterated a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Finally, HSBC reiterated a “reduce” rating and set a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $660.00.

The Goldman Sachs Group Stock Up 2.9%

Shares of GS opened at $763.67 on Wednesday. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $765.62. 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 company has a market capitalization of $231.18 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.58 and a beta of 1.41. The stock’s 50-day moving average price is $725.43 and its 200-day moving average price is $628.27.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the prior year, the business earned $8.62 earnings per share. The company’s revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date 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 dividend on an annualized basis and a dividend yield of 2.1%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 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.