The Goldman Sachs Group, Inc. $GS Position Raised by DMKC Advisory Services LLC

DMKC Advisory Services LLC increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,519 shares of the investment management company’s stock after acquiring an additional 300 shares during the period. The Goldman Sachs Group makes up 1.7% of DMKC Advisory Services LLC’s portfolio, making the stock its 22nd biggest position. DMKC Advisory Services LLC’s holdings in The Goldman Sachs Group were worth $3,190,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GS. EWA LLC grew its position in The Goldman Sachs Group by 16.1% in the 2nd quarter. EWA LLC now owns 599 shares of the investment management company’s stock worth $424,000 after purchasing an additional 83 shares during the last quarter. Northstar Group Inc. acquired a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $205,000. Warren Street Wealth Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $207,000. Vicus Capital boosted its position in shares of The Goldman Sachs Group by 9.7% during the second quarter. Vicus Capital now owns 969 shares of the investment management company’s stock worth $685,000 after buying an additional 86 shares during the period. Finally, Gold Investment Management Ltd. boosted its position in shares of The Goldman Sachs Group by 2.3% during the second quarter. Gold Investment Management Ltd. now owns 4,241 shares of the investment management company’s stock worth $2,998,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JMP Securities reaffirmed a “market perform” rating and set a $600.00 target price on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Evercore ISI increased their target price on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday. Morgan Stanley increased their target price on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, HSBC reaffirmed a “reduce” rating and issued a $627.00 price target (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $709.13.

Insider Activity

In other news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the transaction, the chief executive officer directly owned 126,176 shares of the company’s stock, valued at $89,876,426.56. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 65,761 shares of the company’s stock, valued at $47,176,283.79. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Trading Down 1.0%

The Goldman Sachs Group stock opened at $788.44 on Thursday. The firm has a market cap of $238.68 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42. 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’s 50 day moving average price is $752.61 and its two-hundred day moving average price is $651.83. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate 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 business 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 company’s revenue was up 14.5% compared to the same quarter last year. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend was Friday, August 29th. The Goldman Sachs Group’s payout ratio is 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.