The Goldman Sachs Group, Inc. $GS Shares Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,353 shares of the investment management company’s stock after acquiring an additional 21 shares during the quarter. Sax Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $958,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC raised its stake in shares of The Goldman Sachs Group by 2.0% in the 2nd quarter. Venturi Wealth Management LLC now owns 2,617 shares of the investment management company’s stock valued at $1,852,000 after purchasing an additional 51 shares in the last quarter. SGL Investment Advisors Inc. raised its stake in shares of The Goldman Sachs Group by 102.6% in the 2nd quarter. SGL Investment Advisors Inc. now owns 1,080 shares of the investment management company’s stock valued at $753,000 after purchasing an additional 547 shares in the last quarter. Independent Solutions Wealth Management LLC raised its stake in shares of The Goldman Sachs Group by 192.0% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 3,049 shares of the investment management company’s stock valued at $2,158,000 after purchasing an additional 2,005 shares in the last quarter. Prasad Wealth Partners LLC raised its stake in shares of The Goldman Sachs Group by 41.5% in the 2nd quarter. Prasad Wealth Partners LLC now owns 845 shares of the investment management company’s stock valued at $598,000 after purchasing an additional 248 shares in the last quarter. Finally, Joel Isaacson & Co. LLC raised its stake in shares of The Goldman Sachs Group by 3.8% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 9,533 shares of the investment management company’s stock valued at $6,747,000 after purchasing an additional 351 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $777.49 on Thursday. The firm’s 50 day moving average is $758.55 and its two-hundred day moving average is $659.72. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25. The firm has a market capitalization of $235.36 billion, a P/E ratio of 17.13, a PEG ratio of 1.49 and a beta of 1.42. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating 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 company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the business earned $8.62 earnings per share. The Goldman Sachs Group’s revenue was up 14.5% compared to the same quarter last year. Analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were paid a $4.00 dividend. The ex-dividend date was Friday, August 29th. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JMP Securities restated a “market perform” rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Keefe, Bruyette & Woods upped their target price on shares of 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 shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. HSBC boosted their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Finally, Wall Street Zen raised shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Five analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $727.31.

Insider Activity

In other news, COO John E. Waldron sold 9,000 shares of the 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 transaction, the chief operating officer directly owned 106,268 shares in the company, valued at $79,755,196.68. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were 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 owned 65,761 shares of the company’s stock, valued at $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,323 shares of company stock worth $28,111,828 over the last ninety days. 0.55% of the stock is owned by company insiders.

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.