The Goldman Sachs Group, Inc. $GS Shares Bought by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,749 shares of the investment management company’s stock after acquiring an additional 121 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in The Goldman Sachs Group were worth $6,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Quent Capital LLC boosted its holdings in The Goldman Sachs Group by 5.2% in the 2nd quarter. Quent Capital LLC now owns 2,237 shares of the investment management company’s stock valued at $1,583,000 after purchasing an additional 110 shares during the last quarter. NTV Asset Management LLC boosted its holdings in The Goldman Sachs Group by 1.2% in the 2nd quarter. NTV Asset Management LLC now owns 3,249 shares of the investment management company’s stock valued at $2,299,000 after purchasing an additional 39 shares during the last quarter. Ameriflex Group Inc. raised its stake in shares of The Goldman Sachs Group by 21.4% in the 2nd quarter. Ameriflex Group Inc. now owns 102 shares of the investment management company’s stock valued at $70,000 after acquiring an additional 18 shares during the period. QRG Capital Management Inc. raised its stake in shares of The Goldman Sachs Group by 9.2% in the 2nd quarter. QRG Capital Management Inc. now owns 76,440 shares of the investment management company’s stock valued at $54,101,000 after acquiring an additional 6,442 shares during the period. Finally, Wallington Asset Management LLC raised its stake in shares of The Goldman Sachs Group by 0.6% in the 2nd quarter. Wallington Asset Management LLC now owns 29,913 shares of the investment management company’s stock valued at $21,171,000 after acquiring an additional 183 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer directly owned 106,268 shares of the company’s stock, valued at $79,755,196.68. This represents a 7.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the executive vice president directly owned 65,761 shares in the company, valued at approximately $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock valued at $28,111,828 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

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

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share 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 firm had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the prior year, the firm earned $8.62 EPS. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were paid a dividend of $4.00 per share. This represents a $16.00 annualized dividend 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%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GS shares. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Morgan Stanley boosted their price target on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the company an “equal weight” rating in a research note on Monday. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. JMP Securities reissued a “market perform” rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $713.88.

The Goldman Sachs Group Company 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.