Atlas Brown Inc. Invests $240,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Atlas Brown Inc. acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 809 shares of the investment management company’s stock, valued at approximately $240,000.

Several other large investors have also modified their holdings of GS. Wolff Wiese Magana LLC lifted its holdings in shares of The Goldman Sachs Group by 37.0% in the second quarter. Wolff Wiese Magana LLC now owns 415 shares of the investment management company’s stock valued at $123,000 after purchasing an additional 112 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of The Goldman Sachs Group by 9.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 702 shares of the investment management company’s stock valued at $209,000 after purchasing an additional 60 shares in the last quarter. Exane Asset Management lifted its holdings in shares of The Goldman Sachs Group by 72.9% in the second quarter. Exane Asset Management now owns 72,257 shares of the investment management company’s stock valued at $21,462,000 after purchasing an additional 30,465 shares in the last quarter. Joel Isaacson & Co. LLC lifted its holdings in shares of The Goldman Sachs Group by 0.6% in the second quarter. Joel Isaacson & Co. LLC now owns 9,730 shares of the investment management company’s stock valued at $2,890,000 after purchasing an additional 54 shares in the last quarter. Finally, HB Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 51.0% in the second quarter. HB Wealth Management LLC now owns 6,172 shares of the investment management company’s stock valued at $1,833,000 after purchasing an additional 2,084 shares in the last quarter. 69.08% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Goldman Sachs Group Inc sold 78,131 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $27.01, for a total value of $2,110,318.31. Following the sale, the director now directly owns 439,180 shares of the company’s stock, valued at $11,862,251.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Goldman Sachs Group Inc sold 78,131 shares of The Goldman Sachs Group stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $27.01, for a total transaction of $2,110,318.31. Following the sale, the director now directly owns 439,180 shares of the company’s stock, valued at $11,862,251.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Treasurer Philip R. Berlinski sold 8,000 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $348.62, for a total value of $2,788,960.00. Following the sale, the treasurer now directly owns 13,745 shares in the company, valued at $4,791,781.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 793,689 shares of company stock valued at $23,413,742. 0.57% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GS. Bank of America upgraded The Goldman Sachs Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $360.00 to $380.00 in a report on Wednesday, June 29th. Odeon Capital Group lowered The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Barclays cut their price objective on The Goldman Sachs Group from $505.00 to $450.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Piper Sandler cut their price objective on The Goldman Sachs Group from $430.00 to $410.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Finally, Citigroup cut their price objective on The Goldman Sachs Group from $400.00 to $360.00 in a report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $410.79.

The Goldman Sachs Group Stock Down 4.4 %

The Goldman Sachs Group stock traded down $13.80 during mid-day trading on Friday, hitting $299.12. 113,957 shares of the company’s stock were exchanged, compared to its average volume of 1,745,132. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.34. The stock has a market cap of $102.11 billion, a P/E ratio of 6.79, a P/E/G ratio of 0.73 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 1-year low of $277.84 and a 1-year high of $426.16. The stock has a 50 day moving average of $332.92 and a two-hundred day moving average of $320.79.

The Goldman Sachs Group (NYSE:GSGet Rating) last issued its quarterly earnings results on Monday, July 18th. The investment management company reported $7.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.99 by $0.74. The company had revenue of $11.86 billion for the quarter, compared to the consensus estimate of $10.70 billion. The Goldman Sachs Group had a return on equity of 15.89% and a net margin of 27.75%. The firm’s revenue was down 22.9% compared to the same quarter last year. During the same period last year, the business posted $15.02 earnings per share. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 34.18 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, August 10th. Stockholders of record on Tuesday, July 26th were given a $2.50 dividend. The ex-dividend date of this dividend was Monday, July 25th. The Goldman Sachs Group’s dividend payout ratio is currently 22.61%.

The Goldman Sachs Group Profile

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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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

Further Reading

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

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