XML Financial LLC Raises Position in The Goldman Sachs Group, Inc. $GS

XML Financial LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% in the second quarter, Holdings Channel reports. The firm owned 4,910 shares of the investment management company’s stock after buying an additional 48 shares during the period. XML Financial LLC’s holdings in The Goldman Sachs Group were worth $3,475,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GS. Kingstone Capital Partners Texas LLC boosted its holdings in The Goldman Sachs Group by 617,504.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after acquiring an additional 29,053,586 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at about $1,766,238,000. Nuveen LLC purchased a new position in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $897,185,000. Assenagon Asset Management S.A. boosted 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 worth $8,065,000 after purchasing an additional 585,084 shares in the last quarter. Finally, Cohen Investment Advisors LLC grew its position in The Goldman Sachs Group by 5,559.2% during the 1st quarter. Cohen Investment Advisors LLC now owns 470,220 shares of the investment management company’s stock worth $256,876,000 after purchasing an additional 461,911 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GS has been the topic of a number of recent analyst reports. Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Royal Bank Of Canada reissued a “sector perform” rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Finally, Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $674.93.

The Goldman Sachs Group Stock Up 0.2%

Shares of GS stock opened at $804.07 on Tuesday. 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, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The stock has a 50 day moving average of $749.28 and a 200 day moving average of $649.87. The stock has a market cap of $243.41 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.67 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share 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 firm had revenue of $14.58 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same period in the previous year, the firm earned $8.62 EPS. The business’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 announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a dividend of $4.00 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date was Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is 35.26%.

Insiders Place Their Bets

In related news, EVP John F.W. Rogers sold 6,008 shares of the company’s stock in a transaction dated 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 in the company, valued at $47,176,283.79. This represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Denis P. Coleman sold 7,463 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the transaction, the chief financial officer directly owned 18,594 shares of the company’s stock, valued at $13,469,493.60. The trade was a 28.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock worth $28,111,828 in the last 90 days. 0.55% of the stock is currently 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.