11,594 Shares in The Goldman Sachs Group, Inc. $GS Acquired by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,594 shares of the investment management company’s stock, valued at approximately $6,962,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in GS. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of The Goldman Sachs Group in the first quarter valued at about $25,000. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group during the first quarter worth about $29,000. Godsey & Gibb Inc. lifted its stake in shares of The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after buying an additional 34 shares in the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $31,000. Finally, Lowe Wealth Advisors LLC lifted its position in The Goldman Sachs Group by 326.7% during the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $785.23 on Friday. The firm has a market cap of $237.70 billion, a PE ratio of 17.30, a PEG ratio of 1.61 and a beta of 1.41. The firm has a fifty day moving average of $727.73 and a 200 day moving average of $630.35. 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 one year low of $439.38 and a one year high of $793.17.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same period in the previous year, the business posted $8.62 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 14.5% on a year-over-year basis. As a group, 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 will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be issued a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.0%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group’s dividend payout ratio is 35.26%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the company an “outperform” rating in a report on Thursday, July 10th. Royal Bank Of Canada restated a “sector perform” rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Zacks Research raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Finally, Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $660.00.

Insider Activity at The Goldman Sachs Group

In other 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 transaction of $6,934,016.84. Following the transaction, the chief operating officer directly 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 sale 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 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 transaction, the executive vice president owned 65,761 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 38,323 shares of company stock valued at $28,111,828. Company insiders own 0.55% of the company’s stock.

About The Goldman Sachs Group

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.