Stephen J. Garry & Associates LLC Acquires Shares of 299 The Goldman Sachs Group, Inc. $GS

Stephen J. Garry & Associates LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 299 shares of the investment management company’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently bought and sold shares of GS. Mechanics Financial Corp increased its position in shares of The Goldman Sachs Group by 5.8% during the second quarter. Mechanics Financial Corp now owns 294 shares of the investment management company’s stock worth $208,000 after buying an additional 16 shares during the period. Ridgewood Investments LLC increased its position in shares of The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after buying an additional 17 shares during the period. Bank of Stockton increased its position in shares of The Goldman Sachs Group by 0.7% during the second quarter. Bank of Stockton now owns 2,485 shares of the investment management company’s stock worth $1,759,000 after buying an additional 17 shares during the period. Western Financial Corp CA increased its position in shares of The Goldman Sachs Group by 0.5% during the second quarter. Western Financial Corp CA now owns 3,597 shares of the investment management company’s stock worth $2,546,000 after buying an additional 17 shares during the period. Finally, Ameriflex Group Inc. increased its position in shares of The Goldman Sachs Group by 21.4% during the second quarter. Ameriflex Group Inc. now owns 102 shares of the investment management company’s stock worth $70,000 after buying an additional 18 shares during the period. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the transaction, the chief executive officer directly owned 126,176 shares of the company’s stock, valued at approximately $89,876,426.56. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John E. Waldron sold 9,244 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at $86,463,679.48. This trade represents a 7.42% 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 ninety days. 0.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a “market perform” rating in a report on Thursday, July 17th. Royal Bank Of Canada raised their price target on shares of 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. Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Finally, HSBC raised their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Five analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $717.00.

The Goldman Sachs Group Stock Up 0.8%

The Goldman Sachs Group stock opened at $796.13 on Tuesday. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25. The firm has a market capitalization of $241.00 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 1.64 and a beta of 1.42. The firm’s fifty day moving average price is $756.50 and its two-hundred day moving average price is $657.99. 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 (NYSE:GS) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $13.53 billion. During the same period last year, the firm earned $8.62 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were paid a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend was Friday, August 29th. The Goldman Sachs Group’s payout ratio is 35.26%.

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.