Country Club Bank Invests $238,000 in The Goldman Sachs Group, Inc. $GS

Country Club Bank bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 2nd quarter, HoldingsChannel reports. The fund bought 344 shares of the investment management company’s stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GS. Brighton Jones LLC increased its position in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after acquiring an additional 508 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after acquiring an additional 58 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of The Goldman Sachs Group by 29.0% during the first quarter. Farther Finance Advisors LLC now owns 1,856 shares of the investment management company’s stock worth $1,018,000 after acquiring an additional 417 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of The Goldman Sachs Group by 19.5% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,708 shares of the investment management company’s stock worth $1,480,000 after acquiring an additional 442 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of The Goldman Sachs Group by 17.1% during the first quarter. GAMMA Investing LLC now owns 7,279 shares of the investment management company’s stock worth $3,977,000 after acquiring an additional 1,062 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

GS has been the subject of a number of recent analyst reports. HSBC upped their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Wednesday. Morgan Stanley upped their price objective 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, September 29th. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a “market perform” rating in a research report on Thursday, July 17th. Finally, UBS Group upped their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $727.31.

The Goldman Sachs Group Stock Down 1.5%

The Goldman Sachs Group stock opened at $777.49 on Thursday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The firm has a 50 day moving average price of $758.55 and a 200-day moving average price of $659.72. The company has a market capitalization of $235.36 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.49 and a beta of 1.42. 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 (NYSE:GS) last released its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The firm had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the prior year, the firm earned $8.62 EPS. The company’s revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were paid a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, August 29th. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s dividend payout ratio is currently 35.26%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the sale, the chief executive officer directly owned 126,176 shares in the company, valued at approximately $89,876,426.56. This represents a 4.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of the company’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 in the company, valued at $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. Over the last 90 days, insiders have sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is owned by corporate 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.