The Goldman Sachs Group, Inc. $GS Holdings Lifted by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,241 shares of the investment management company’s stock after purchasing an additional 15 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,586,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wealthstream Advisors Inc. boosted its position in shares of The Goldman Sachs Group by 15.7% in the 2nd quarter. Wealthstream Advisors Inc. now owns 1,502 shares of the investment management company’s stock valued at $1,063,000 after purchasing an additional 204 shares during the period. TrueMark Investments LLC boosted its position in shares of The Goldman Sachs Group by 8.8% in the 2nd quarter. TrueMark Investments LLC now owns 9,162 shares of the investment management company’s stock valued at $6,484,000 after purchasing an additional 738 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $93,477,000. Signature Estate & Investment Advisors LLC boosted its position in shares of The Goldman Sachs Group by 3.0% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,469 shares of the investment management company’s stock valued at $1,039,000 after purchasing an additional 43 shares during the period. Finally, Woodard & Co. Asset Management Group Inc. ADV boosted its position in shares of The Goldman Sachs Group by 1.8% in the 2nd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 2,791 shares of the investment management company’s stock valued at $1,975,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 1.0%

GS opened at $750.71 on Friday. The company has a market capitalization of $227.25 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 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 business has a 50-day moving average of $765.25 and a 200-day moving average of $670.40.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The business had revenue of $11.33 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The firm’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $8.40 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 32.50%.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the sale, the chief financial officer directly owned 18,594 shares in the company, valued at $13,469,493.60. The trade was a 28.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the sale, the chief executive officer owned 126,176 shares of the company’s stock, valued at approximately $89,876,426.56. This represents a 4.98% 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 valued at $28,111,828 in the last quarter. Corporate insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GS shares. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Wells Fargo & Company increased their price target 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 raised their price objective on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $770.73.

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.