The Goldman Sachs Group, Inc. $GS Shares Purchased by Petros Family Wealth LLC

Petros Family Wealth LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 832 shares of the investment management company’s stock after acquiring an additional 27 shares during the period. Petros Family Wealth LLC’s holdings in The Goldman Sachs Group were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GS. Kingstone Capital Partners Texas LLC grew its stake in The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after acquiring an additional 29,053,586 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at about $1,766,238,000. Nuveen LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at about $897,185,000. Assenagon Asset Management S.A. grew its stake in The Goldman Sachs Group by 102.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company’s stock valued at $8,065,000 after acquiring an additional 585,084 shares during the last quarter. Finally, Ninety One UK Ltd purchased a new position in The Goldman Sachs Group in the 2nd quarter valued at about $408,780,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares in the company, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David M. Solomon sold 6,608 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the transaction, the chief executive officer owned 126,176 shares in the company, valued at $89,876,426.56. The trade was a 4.98% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Price Performance

GS opened at $790.32 on Monday. The company’s 50 day simple moving average is $755.05 and its 200 day simple moving average is $656.38. 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, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. The stock has a market capitalization of $239.25 billion, a PE ratio of 17.42, a P/E/G ratio of 1.64 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The business had revenue of $14.58 billion for the quarter, compared to analysts’ expectations of $13.53 billion. During the same period last year, the company earned $8.62 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were issued a $4.00 dividend. The ex-dividend date was 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 35.26%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of 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 upped 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 report on Tuesday, September 30th. Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Saturday, September 27th. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $717.00.

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.