The Goldman Sachs Group, Inc. $GS Shares Purchased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 23.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,712 shares of the investment management company’s stock after purchasing an additional 323 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,211,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GS. Brighton Jones LLC increased its position in The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after purchasing an additional 508 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in The Goldman Sachs Group by 7.0% in the 4th 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 during the period. Koshinski Asset Management Inc. boosted its holdings in The Goldman Sachs Group by 14.4% in the 1st quarter. Koshinski Asset Management Inc. now owns 1,260 shares of the investment management company’s stock worth $688,000 after acquiring an additional 159 shares during the period. Mather Group LLC. boosted its holdings in The Goldman Sachs Group by 7.8% in the 1st quarter. Mather Group LLC. now owns 1,296 shares of the investment management company’s stock worth $708,000 after acquiring an additional 94 shares during the period. Finally, Clear Creek Financial Management LLC purchased a new position in The Goldman Sachs Group in the 1st quarter worth approximately $321,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on GS. Citigroup upped their price target on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. BMO Capital Markets began coverage on The Goldman Sachs Group in a report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price target for the company. HSBC upped their price target on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Wednesday, October 8th. Finally, Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $779.50.

The Goldman Sachs Group Stock Up 0.7%

GS stock opened at $788.83 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $238.79 billion, a P/E ratio of 16.02, a PEG ratio of 1.43 and a beta of 1.42. The firm has a 50 day simple moving average of $772.90 and a 200-day simple moving average of $688.24.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter last year, the company earned $8.40 earnings per share. The business’s quarterly revenue was up 19.5% 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 Announces Dividend

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

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.