The Goldman Sachs Group, Inc. $GS Shares Bought by Glenview Trust co

Glenview Trust co boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,246 shares of the investment management company’s stock after acquiring an additional 1,646 shares during the quarter. The Goldman Sachs Group comprises 1.0% of Glenview Trust co’s holdings, making the stock its 23rd largest holding. Glenview Trust co’s holdings in The Goldman Sachs Group were worth $52,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of The Goldman Sachs Group by 63,864.7% in the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock valued at $2,172,423,000 after buying an additional 3,970,467 shares in the last quarter. Northern Trust Corp grew its stake in shares of The Goldman Sachs Group by 1.2% in the first quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock valued at $1,820,677,000 after buying an additional 40,125 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at $1,766,238,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of The Goldman Sachs Group by 6.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock valued at $1,138,527,000 after buying an additional 120,272 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of The Goldman Sachs Group by 15.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,963,836 shares of the investment management company’s stock valued at $1,124,532,000 after buying an additional 256,204 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the sale, the chief financial officer directly owned 18,594 shares of the company’s stock, valued at $13,469,493.60. The trade was a 28.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the sale, the executive vice president directly owned 65,761 shares of the company’s stock, valued at $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock valued at $28,111,828 over the last quarter. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Up 2.9%

Shares of NYSE GS opened at $763.67 on Wednesday. The company has a market capitalization of $231.18 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 1.58 and a beta of 1.41. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50-day moving average of $725.43 and a two-hundred day moving average of $628.27. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $765.62.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The company had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The Goldman Sachs Group’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $8.62 EPS. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a dividend of $4.00 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Citizens Jmp reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Finally, Citigroup boosted their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $660.00.

About The Goldman Sachs Group

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.