The Goldman Sachs Group, Inc. $GS Shares Purchased by Oarsman Capital Inc.

Oarsman Capital Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,438 shares of the investment management company’s stock after acquiring an additional 81 shares during the period. The Goldman Sachs Group accounts for about 0.6% of Oarsman Capital Inc.’s investment portfolio, making the stock its 28th largest position. Oarsman Capital Inc.’s holdings in The Goldman Sachs Group were worth $3,849,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC grew its stake in The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after acquiring an additional 29,053,586 shares during the last quarter. Northern Trust Corp boosted its stake in shares of The Goldman Sachs Group by 1.2% during the 1st quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock worth $1,820,677,000 after purchasing an additional 40,125 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of The Goldman Sachs Group by 6.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock worth $1,138,527,000 after purchasing an additional 120,272 shares during the last quarter. Amundi boosted its stake in shares of The Goldman Sachs Group by 13.6% during the 1st quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock worth $967,193,000 after purchasing an additional 225,993 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter worth about $897,185,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO John E. Waldron sold 9,244 shares of the firm’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 value of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares in the company, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 0.3%

Shares of GS stock opened at $792.69 on Wednesday. The firm has a market cap of $239.96 billion, a P/E ratio of 16.10, a PEG ratio of 1.45 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The firm’s 50-day simple moving average is $770.18 and its 200-day simple moving average is $685.52.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping the consensus estimate of $10.27 by $1.98. The business had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The company’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $8.40 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 32.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GS shares. Royal Bank Of Canada reaffirmed a “neutral” rating and set a $843.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the stock a “market perform” rating in a research note on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $779.50.

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.