2 weeks Ago By ABMN Staff
Earnest Partners LLC cut its holdings in The Goldman Sachs Group, Inc. ( NYSE:GS – Free Report ) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC.
The firm owned 19,164 shares of the investment management company’s stock after selling 168 shares during the period. Earnest Partners LLC’s holdings in The Goldman Sachs Group were worth $8,668,000 as of its most recent filing with the SEC. Several other large investors have also made changes to their positions in the business.
Waldron Private Wealth LLC grew its stake in shares of The Goldman Sachs Group by 0.8% during the 2nd quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company’s stock worth $1,085,000 after acquiring an additional 20 shares in the last quarter.
Fulton Bank N.A. increased its stake in The Goldman Sachs Group by 0.
8% in the 2nd quarter. Fulton Bank N.A.
now owns 2,727 shares of the investment management company’s stock valued at $1,233,000 after buying an additional 22 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its position in The Goldman Sachs Group by 1.
1% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 1,975 shares of the investment management company’s stock worth $893,000 after buying an additional 22 shares in the last quarter.
Jacobi Capital Management LLC boosted its stake in shares of The Goldman Sachs Group by 1.5% during the 1st quarter. Jacobi Capital Management LLC now owns 1,564 shares of the investment management company’s stock worth $653,000 after buying an additional 23 shares during the last quarter.
Finally, Mayflower Financial Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 1.2% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 2,019 shares of the investment management company’s stock valued at $913,000 after acquiring an additional 23 shares in the last quarter.
Institutional investors and hedge funds own 71.21% of the company’s stock. Insiders Place Their Bets In other news, insider Brian J.
Lee sold 3,500 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.
00. Following the completion of the sale, the insider now directly owns 12,095 shares in the company, valued at approximately $6,119,949.05.
The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink . In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th.
The shares were sold at an average price of $505.99, for a total value of $1,770,965.00.
Following the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link .
Also, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.
04, for a total transaction of $5,050,400.00. Following the sale, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748.
The disclosure for this sale can be found here . Corporate insiders own 0.54% of the company’s stock.
The Goldman Sachs Group Stock Performance The Goldman Sachs Group ( NYSE:GS – Get Free Report ) last issued its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, topping the consensus estimate of $8.
52 by $0.10. The Goldman Sachs Group had a net margin of 9.
36% and a return on equity of 10.56%. The business had revenue of $12.
73 billion during the quarter, compared to analysts’ expectations of $12.60 billion. On average, equities analysts forecast that The Goldman Sachs Group, Inc.
will post 35.43 EPS for the current year. The Goldman Sachs Group Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th.
Investors of record on Friday, August 30th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, August 30th.
This represents a $12.00 dividend on an annualized basis and a yield of 2.41%.
This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s dividend payout ratio is currently 46.
86%. Wall Street Analyst Weigh In Several brokerages recently commented on GS. UBS Group increased their price target on The Goldman Sachs Group from $490.
00 to $535.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Oppenheimer raised their target price on shares of The Goldman Sachs Group from $504.
00 to $559.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Citigroup upped their price target on shares of The Goldman Sachs Group from $460.
00 to $485.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. BMO Capital Markets lifted their price objective on shares of The Goldman Sachs Group from $360.
00 to $373.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $504.
00 to $550.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company.
Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $496.44.
Get Our Latest Report on The Goldman Sachs Group The Goldman Sachs Group Profile ( Free Report ) 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.
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