Autumn Glory Partners LLC Invests $206,000 in The Goldman Sachs Group, Inc. $GS

Autumn Glory Partners LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 291 shares of the investment management company’s stock, valued at approximately $206,000.

Several other large investors also recently added to or reduced their stakes in GS. Petros Family Wealth LLC increased its position in shares of The Goldman Sachs Group by 3.4% during the second quarter. Petros Family Wealth LLC now owns 832 shares of the investment management company’s stock worth $589,000 after acquiring an additional 27 shares during the period. Knights of Columbus Asset Advisors LLC raised its position in The Goldman Sachs Group by 6.0% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 25,973 shares of the investment management company’s stock valued at $18,382,000 after purchasing an additional 1,465 shares in the last quarter. Plimoth Trust Co. LLC lifted its holdings in shares of The Goldman Sachs Group by 8.9% in the 2nd quarter. Plimoth Trust Co. LLC now owns 4,517 shares of the investment management company’s stock worth $3,197,000 after buying an additional 371 shares during the period. Marks Group Wealth Management Inc increased its stake in shares of The Goldman Sachs Group by 49.2% during the second quarter. Marks Group Wealth Management Inc now owns 931 shares of the investment management company’s stock valued at $659,000 after buying an additional 307 shares during the period. Finally, JSF Financial LLC increased its stake in shares of The Goldman Sachs Group by 33.4% during the second quarter. JSF Financial LLC now owns 1,138 shares of the investment management company’s stock valued at $806,000 after buying an additional 285 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GS shares. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. HSBC upped their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. Royal Bank Of Canada upped their target price on The Goldman Sachs Group from $750.00 to $843.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 1st. Finally, Citigroup increased their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $717.00.

The Goldman Sachs Group Price Performance

NYSE GS opened at $790.32 on Monday. The firm’s fifty day simple moving average is $755.05 and its two-hundred day simple moving average is $656.38. The firm has a market capitalization of $239.25 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.64 and a beta of 1.42. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25.

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

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were paid a dividend of $4.00 per share. The ex-dividend date was Friday, August 29th. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. 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 presently 35.26%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the sale, the chief financial officer owned 18,594 shares of the company’s stock, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares in the company, valued at $86,463,679.48. The trade was a 7.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is owned by insiders.

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.