Quent Capital LLC Acquires 110 Shares of The Goldman Sachs Group, Inc. $GS

Quent Capital LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,237 shares of the investment management company’s stock after buying an additional 110 shares during the period. Quent Capital LLC’s holdings in The Goldman Sachs Group were worth $1,583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of GS. Kingstone Capital Partners Texas LLC raised its stake in The Goldman Sachs Group by 617,504.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after buying an additional 29,053,586 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter worth $1,766,238,000. Nuveen LLC acquired a new position 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 purchasing an additional 585,084 shares in the last quarter. Finally, Ninety One UK Ltd acquired a new position in shares of The Goldman Sachs Group during the second quarter worth $408,780,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $790.32 on Friday. The business’s 50-day moving average is $755.05 and its two-hundred day moving average is $655.05. The company has a market capitalization of $239.25 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.62 and a beta of 1.42. 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, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25.

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 for the quarter, topping the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion for 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 firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $8.62 EPS. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were given a dividend of $4.00 per share. 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 an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s payout ratio is 35.26%.

Insider Buying and Selling

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 sale, the executive vice president directly owned 65,761 shares of the company’s stock, valued at $47,176,283.79. This represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Denis P. Coleman sold 7,463 shares of the 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 sale, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,323 shares of company stock valued at $28,111,828 over the last quarter. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Saturday, September 27th. Citigroup upped their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $713.88.

The Goldman Sachs Group Company 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.