Marietta Wealth Management LLC Has $12.60 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Marietta Wealth Management LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,807 shares of the investment management company’s stock after acquiring an additional 100 shares during the quarter. The Goldman Sachs Group accounts for 1.6% of Marietta Wealth Management LLC’s holdings, making the stock its 18th biggest position. Marietta Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $12,603,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC boosted its holdings in shares of The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after buying an additional 29,053,586 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of The Goldman Sachs Group by 1.2% in the 1st quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock valued at $1,820,677,000 after buying an additional 40,125 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $1,766,238,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of The Goldman Sachs Group by 6.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock valued at $1,138,527,000 after buying an additional 120,272 shares during the last quarter. Finally, Amundi boosted its holdings in shares of The Goldman Sachs Group by 13.6% in the 1st quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock valued at $967,193,000 after buying an additional 225,993 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GS shares. Citigroup increased their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Evercore ISI increased their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a report on Tuesday. Royal Bank Of Canada raised their price objective on shares of The Goldman Sachs Group from $750.00 to $843.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, BMO Capital Markets started coverage on shares of The Goldman Sachs Group in a research report on Friday. They set a “market perform” rating and a $785.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus target price of $717.00.

The Goldman Sachs Group Stock Up 1.4%

GS stock opened at $790.32 on Friday. 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 fifty-two week low of $439.38 and a fifty-two week high of $825.25. The stock has a market capitalization of $239.25 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.64 and a beta of 1.42. The business’s fifty day moving average price is $755.05 and its two-hundred day moving average price is $655.73.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The company had revenue of $14.58 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. On average, equities 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. 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 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.26%.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the sale, the chief financial officer directly owned 18,594 shares of the company’s stock, valued at $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total value 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 $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 three months. Company insiders own 0.55% of the company’s stock.

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.