2,393,552 Shares in The Goldman Sachs Group, Inc. $GS Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,393,552 shares of the investment management company’s stock, valued at approximately $2,024,921,000. The Goldman Sachs Group comprises about 47.2% of International Assets Investment Management LLC’s portfolio, making the stock its biggest holding.

Several other large investors have also modified their holdings of GS. Anchor Investment Management LLC grew its holdings in shares of The Goldman Sachs Group by 1.2% during the 1st quarter. Anchor Investment Management LLC now owns 4,598 shares of the investment management company’s stock worth $3,890,000 after purchasing an additional 56 shares during the period. Castleview Partners LLC boosted its stake in The Goldman Sachs Group by 3.4% during the first quarter. Castleview Partners LLC now owns 574 shares of the investment management company’s stock worth $486,000 after buying an additional 19 shares during the period. Associated Banc Corp boosted its stake in The Goldman Sachs Group by 11.8% during the first quarter. Associated Banc Corp now owns 2,641 shares of the investment management company’s stock worth $2,234,000 after buying an additional 278 shares during the period. Valmark Advisers Inc. increased its position in shares of The Goldman Sachs Group by 64.7% during the first quarter. Valmark Advisers Inc. now owns 611 shares of the investment management company’s stock valued at $517,000 after acquiring an additional 240 shares during the last quarter. Finally, Pittenger & Anderson Inc. raised its stake in shares of The Goldman Sachs Group by 4.3% in the 1st quarter. Pittenger & Anderson Inc. now owns 9,753 shares of the investment management company’s stock valued at $8,251,000 after acquiring an additional 405 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of a number of research analyst reports. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Dbs Bank raised their price target on The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. UBS Group lifted their price objective on The Goldman Sachs Group from $940.00 to $1,120.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. BNP Paribas Exane cut their price objective on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Finally, HSBC increased their target price on The Goldman Sachs Group from $729.00 to $765.00 in a research note on Monday, May 4th. Ten equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $986.91.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman Sachs won two large retirement-plan asset management mandates from Verizon and Lockheed Martin, adding roughly $70 billion in new assets and expanding its outsourced CIO business. Goldman Sachs Secures Massive $70B Retirement Plan Contracts from Verizon and Lockheed Martin
• Positive Sentiment: Multiple previews ahead of Goldman’s July 14 Q2 earnings point to strong investment-banking and trading results, with expectations for higher revenue from market activity and advisory fees. Goldman Q2 Earnings on the Deck: What’s in Store for the Stock?
• Positive Sentiment: Goldman’s own research highlighted improved conditions in currency carry trades and warned that higher FX volatility could benefit trading desks, reinforcing the view that market activity may support results. Carry Trades Face Best Conditions Since 2000, Goldman Sachs Says
• Neutral Sentiment: Goldman also moved to restrict employee use of prediction markets tied to finance and politics, a compliance-focused policy change that is unlikely to materially affect near-term earnings. Wall St. Sets Limits on Prediction Market Trading
• Neutral Sentiment: Several headlines were about Goldman’s analyst calls on other companies and broader market commentary, which are not direct catalysts for GS shares.

The Goldman Sachs Group Stock Up 0.0%

The Goldman Sachs Group stock traded up $0.07 during mid-day trading on Friday, reaching $1,056.04. 1,110,031 shares of the company’s stock were exchanged, compared to its average volume of 1,972,365. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The Goldman Sachs Group, Inc. has a twelve month low of $691.30 and a twelve month high of $1,125.00. The company has a market cap of $311.54 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.35 and a beta of 1.30. The company has a fifty day moving average of $1,017.99 and a 200-day moving average of $938.64.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same quarter in the previous year, the firm posted $14.12 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 60.44 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 1st were given a $4.50 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.89%.

Insider Buying and Selling

In other news, insider Alex S. Golten sold 1,116 shares of The Goldman Sachs Group stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total value of $1,044,776.88. Following the completion of the transaction, the insider owned 2,578 shares in the company, valued at approximately $2,413,472.04. This trade represents a 30.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, the chief financial officer owned 31,070 shares in the company, valued at $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.