NFSG Corp Sells 654 Shares of The Goldman Sachs Group, Inc. $GS

NFSG Corp lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 32.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,345 shares of the investment management company’s stock after selling 654 shares during the quarter. NFSG Corp’s holdings in The Goldman Sachs Group were worth $1,138,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of The Goldman Sachs Group by 90.1% during the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after buying an additional 735 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of The Goldman Sachs Group by 9.3% during the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock worth $581,000 after buying an additional 70 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its stake in shares of The Goldman Sachs Group by 22.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock valued at $1,522,000 after acquiring an additional 391 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $1,142.58 on Wednesday. The company has a fifty day moving average of $1,024.94 and a 200-day moving average of $941.58. The firm has a market capitalization of $337.07 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.34 and a beta of 1.30. 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 $1,143.84.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.47 by $6.51. The business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The Goldman Sachs Group’s revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the firm earned $10.91 earnings per share. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 60.44 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $5.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.89%.

Insider Activity at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 1,116 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the transaction, the insider directly owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. This represents a 30.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the transaction, the chief financial officer owned 31,070 shares in the company, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,681 shares of company stock worth $31,737,875 over the last quarter. Company insiders own 0.55% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

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

Wall Street Analyst Weigh In

GS has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $826.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. HSBC increased their target price on The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Bank of America boosted their price target on The Goldman Sachs Group from $1,050.00 to $1,150.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Citigroup upped their price objective on The Goldman Sachs Group from $930.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Tuesday, June 23rd. Finally, Royal Bank Of Canada reiterated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,005.33.

Read Our Latest Stock Analysis on GS

About The Goldman Sachs Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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