Sylvest Advisors LLC Makes New Investment in The Goldman Sachs Group, Inc. $GS

Sylvest Advisors LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 2nd quarter, Holdings Channel reports. The firm acquired 300 shares of the investment management company’s stock, valued at approximately $212,000.

Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its position in The Goldman Sachs Group by 28.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock worth $286,418,000 after buying an additional 116,535 shares during the period. Clear Creek Financial Management LLC bought a new position in The Goldman Sachs Group during the 1st quarter worth $321,000. Blueshift Asset Management LLC increased its position in The Goldman Sachs Group by 161.8% during the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock worth $576,000 after buying an additional 652 shares during the period. Adams Diversified Equity Fund Inc. increased its position in shares of The Goldman Sachs Group by 41.5% in the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company’s stock worth $27,205,000 after purchasing an additional 14,600 shares during the period. Finally, Terra Nova Asset Management LLC bought a new position in shares of The Goldman Sachs Group in the first quarter worth $1,643,000. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on GS shares. Keefe, Bruyette & Woods raised their price target on 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. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Morgan Stanley raised their price target on The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Finally, Citigroup raised 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. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $665.00.

Insider Activity at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 6,008 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares of the company’s stock, valued at $47,176,283.79. The trade was a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Denis P. Coleman sold 7,463 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the sale, the chief financial officer directly owned 18,594 shares of the company’s stock, 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 worth $28,111,828. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Trading Down 1.6%

GS opened at $793.50 on Thursday. The company has a market cap of $240.21 billion, a P/E ratio of 17.49, a PEG ratio of 1.68 and a beta of 1.41. 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 company’s 50 day moving average is $743.66 and its 200-day moving average is $642.72. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25.

The Goldman Sachs Group (NYSE:GS) last released 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 analysts’ expectations of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business posted $8.62 earnings per share. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend 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 dividend payout ratio (DPR) is presently 35.26%.

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.