Herold Advisors Inc. Acquires 190 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Herold Advisors Inc. lifted its position in The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 13.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,555 shares of the investment management company’s stock after buying an additional 190 shares during the quarter. Herold Advisors Inc.’s holdings in The Goldman Sachs Group were worth $461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GS. Joseph P. Lucia & Associates LLC bought a new position in shares of The Goldman Sachs Group in the first quarter worth approximately $26,000. Nauset Wealth Management. LLC purchased a new position in shares of The Goldman Sachs Group in the 1st quarter worth about $27,000. Orion Capital Management LLC raised its position in shares of The Goldman Sachs Group by 690.9% in the 1st quarter. Orion Capital Management LLC now owns 87 shares of the investment management company’s stock worth $29,000 after purchasing an additional 76 shares during the last quarter. Elkhorn Partners Limited Partnership purchased a new position in shares of The Goldman Sachs Group in the 1st quarter worth about $33,000. Finally, Karlinski Andrew C purchased a new position in The Goldman Sachs Group in the 1st quarter worth about $33,000. 69.08% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 3.5 %

GS stock traded down $10.95 during trading on Friday, reaching $301.97. 2,868,597 shares of the company traded hands, compared to its average volume of 2,744,097. The Goldman Sachs Group, Inc. has a 12 month low of $277.84 and a 12 month high of $426.16. The business has a 50 day simple moving average of $332.92 and a 200 day simple moving average of $320.79. The company has a market capitalization of $103.08 billion, a price-to-earnings ratio of 6.79, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.87 and a current ratio of 0.87.

The Goldman Sachs Group (NYSE:GSGet Rating) last issued its quarterly earnings data on Monday, July 18th. The investment management company reported $7.73 earnings per share for the quarter, beating analysts’ consensus estimates of $6.99 by $0.74. The Goldman Sachs Group had a return on equity of 15.89% and a net margin of 27.75%. The company had revenue of $11.86 billion for the quarter, compared to the consensus estimate of $10.70 billion. During the same quarter last year, the company earned $15.02 earnings per share. The firm’s revenue for the quarter was down 22.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 34.18 earnings per share 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. Shareholders of record on Tuesday, July 26th were paid a $2.50 dividend. The ex-dividend date of this dividend was Monday, July 25th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 22.61%.

Analysts Set New Price Targets

GS has been the subject of a number of recent research reports. Bank of America upgraded The Goldman Sachs Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $360.00 to $380.00 in a research note on Wednesday, June 29th. Royal Bank of Canada dropped their price target on The Goldman Sachs Group from $390.00 to $370.00 and set a “sector perform” rating for the company in a research note on Friday, July 1st. Odeon Capital Group downgraded The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Citigroup dropped their price target on The Goldman Sachs Group from $400.00 to $360.00 in a research note on Tuesday, July 12th. Finally, Piper Sandler dropped their price target on The Goldman Sachs Group from $430.00 to $410.00 and set an “overweight” rating for the company in a research note on Friday, July 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $410.79.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Treasurer Philip R. Berlinski sold 8,000 shares of the firm’s 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 completion of the transaction, the treasurer now directly owns 13,745 shares in the company, valued at $4,791,781.90. 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 90,313 shares of The Goldman Sachs Group stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $27.39, for a total transaction of $2,473,673.07. Following the completion of the transaction, the director now directly owns 962,916 shares in the company, valued at $26,374,269.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer Philip R. Berlinski sold 8,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $348.62, for a total value of $2,788,960.00. Following the transaction, the treasurer now owns 13,745 shares of the company’s stock, valued at $4,791,781.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 793,689 shares of company stock worth $23,413,742. 0.57% of the stock is owned by insiders.

About The Goldman Sachs Group

(Get Rating)

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.

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

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