NTV Asset Management LLC Has $2.30 Million Stock Position in The Goldman Sachs Group, Inc. $GS

NTV Asset Management LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,249 shares of the investment management company’s stock after buying an additional 39 shares during the period. NTV Asset Management LLC’s holdings in The Goldman Sachs Group were worth $2,299,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GS. Mechanics Financial Corp raised its stake in The Goldman Sachs Group by 5.8% in the second quarter. Mechanics Financial Corp now owns 294 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 16 shares in the last quarter. Ridgewood Investments LLC raised its stake in The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 17 shares in the last quarter. Bank of Stockton raised its stake in The Goldman Sachs Group by 0.7% in the second quarter. Bank of Stockton now owns 2,485 shares of the investment management company’s stock valued at $1,759,000 after purchasing an additional 17 shares in the last quarter. Western Financial Corp CA raised its stake in The Goldman Sachs Group by 0.5% in the second quarter. Western Financial Corp CA now owns 3,597 shares of the investment management company’s stock valued at $2,546,000 after purchasing an additional 17 shares in the last quarter. Finally, Ameriflex Group Inc. raised its stake in The Goldman Sachs Group by 21.4% in the second quarter. Ameriflex Group Inc. now owns 102 shares of the investment management company’s stock valued at $70,000 after purchasing an additional 18 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Hsbc Global Res downgraded The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Citizens Jmp reiterated a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Wells Fargo & Company lifted 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. Finally, HSBC reiterated a “reduce” rating and issued a $627.00 target price (up previously from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Five 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $713.88.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value 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. This trade represents a 4.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock worth $28,111,828 over the last 90 days. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Up 1.4%

NYSE:GS opened at $790.32 on Friday. The firm’s 50 day simple moving average is $755.05 and its 200 day simple moving average is $655.05. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25. The company has a market cap of $239.25 billion, a PE ratio of 17.42, a P/E/G ratio of 1.62 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 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 the consensus estimate of $13.53 billion. During the same period last year, the company earned $8.62 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. On average, research 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 business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s payout ratio is currently 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.