1,073 Shares in The Goldman Sachs Group, Inc. $GS Bought by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,073 shares of the investment management company’s stock, valued at approximately $759,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GS. Newman Dignan & Sheerar Inc. boosted its holdings in The Goldman Sachs Group by 6.6% during the second quarter. Newman Dignan & Sheerar Inc. now owns 1,083 shares of the investment management company’s stock valued at $766,000 after acquiring an additional 67 shares during the period. Parkwoods Wealth Partners LLC acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter worth about $229,000. Dogwood Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Vigilare Wealth Management bought a new stake in The Goldman Sachs Group during the 2nd quarter valued at approximately $945,000. Finally, Deltec Asset Management LLC grew its holdings in The Goldman Sachs Group by 90.0% in the 2nd quarter. Deltec Asset Management LLC now owns 1,900 shares of the investment management company’s stock valued at $1,345,000 after buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $788.44 on Thursday. The firm has a market cap of $238.68 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42. The firm’s 50-day simple moving average is $752.61 and its 200-day simple moving average is $651.83. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67.

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

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were paid a $4.00 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.0%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s payout ratio is presently 35.26%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research analyst reports. JMP Securities reiterated a “market perform” rating and set a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Royal Bank Of Canada boosted their target price on shares of The Goldman Sachs Group from $750.00 to $843.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $709.13.

Insider Buying and Selling

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the sale, the chief executive officer directly owned 126,176 shares in the company, valued at $89,876,426.56. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total value of $4,310,079.12. Following the transaction, the executive vice president directly owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Profile

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.