The Goldman Sachs Group, Inc. $GS Shares Bought by Davis Investment Partners LLC

Davis Investment Partners LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 940 shares of the investment management company’s stock after purchasing an additional 42 shares during the period. Davis Investment Partners LLC’s holdings in The Goldman Sachs Group were worth $664,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GS. GAMMA Investing LLC increased its position in shares of The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock worth $2,172,423,000 after acquiring an additional 3,970,467 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of The Goldman Sachs Group during the first quarter worth $1,766,238,000. Nuveen LLC purchased a new stake in shares of The Goldman Sachs Group during the first quarter worth $897,185,000. Assenagon Asset Management S.A. increased its position in shares of The Goldman Sachs Group by 102.6% during the first quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company’s stock worth $8,065,000 after acquiring an additional 585,084 shares during the period. Finally, Cohen Investment Advisors LLC increased its position in shares of The Goldman Sachs Group by 5,559.2% during the first quarter. Cohen Investment Advisors LLC now owns 470,220 shares of the investment management company’s stock worth $256,876,000 after acquiring an additional 461,911 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 0.5%

Shares of NYSE GS opened at $780.87 on Monday. The stock has a market cap of $236.38 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.64 and a beta of 1.41. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $793.17. The business has a 50-day moving average price of $728.85 and a 200 day moving average price of $631.75.

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

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a $4.00 dividend. This is a boost 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 dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is currently 35.26%.

Analyst Ratings Changes

Several research firms recently commented on GS. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Morgan Stanley increased their target price on The Goldman Sachs Group from $680.00 to $715.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. JMP Securities reissued a “market perform” rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a report on Monday, July 14th. HSBC reissued a “reduce” rating and issued a $627.00 target price (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a “market perform” rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $660.00.

Insider Buying and Selling at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the sale, the executive vice president owned 65,761 shares in the company, valued at approximately $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO John E. Waldron sold 9,000 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares of the company’s stock, valued at $79,755,196.68. This trade represents a 7.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,323 shares of company stock worth $28,111,828 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

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.