The Goldman Sachs Group, Inc. $GS Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 19.4% in the first quarter, Holdings Channel reports. The fund owned 192,687 shares of the investment management company’s stock after buying an additional 31,244 shares during the period. Sei Investments Co.’s holdings in The Goldman Sachs Group were worth $163,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MWA Asset Management acquired a new stake in The Goldman Sachs Group in the first quarter valued at $211,000. Davis R M Inc. boosted its position in shares of The Goldman Sachs Group by 0.8% during the 1st quarter. Davis R M Inc. now owns 56,564 shares of the investment management company’s stock worth $47,853,000 after acquiring an additional 444 shares in the last quarter. GSG Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 15.3% in the 1st quarter. GSG Advisors LLC now owns 317 shares of the investment management company’s stock valued at $268,000 after acquiring an additional 42 shares during the last quarter. Lavaca Capital LLC increased its holdings in shares of The Goldman Sachs Group by 8.6% in the 1st quarter. Lavaca Capital LLC now owns 1,195 shares of the investment management company’s stock valued at $1,011,000 after acquiring an additional 95 shares during the last quarter. Finally, Aureus Asset Management LLC raised its position in shares of The Goldman Sachs Group by 478.4% during the 1st quarter. Aureus Asset Management LLC now owns 2,603 shares of the investment management company’s stock worth $2,202,000 after acquiring an additional 2,153 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Trending Headlines about The Goldman Sachs Group

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Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the completion of the sale, the chief accounting officer owned 6,338 shares in the company, valued at $5,889,079.46. This represents a 61.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the transaction, the chief financial officer directly owned 31,070 shares in the company, valued at $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 31,450 shares of company stock worth $29,668,201 in the last 90 days. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research analyst reports. CICC Research upped their price target on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. UBS Group raised their price objective on shares of The Goldman Sachs Group from $940.00 to $1,120.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Weiss Ratings cut shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Finally, Barclays increased their target price on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $1,061.43.

Get Our Latest Stock Analysis on The Goldman Sachs Group

The Goldman Sachs Group Trading Up 1.2%

NYSE:GS opened at $1,098.86 on Thursday. The company has a market capitalization of $324.17 billion, a PE ratio of 16.96, a P/E/G ratio of 1.10 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 52-week low of $694.05 and a 52-week high of $1,153.99. The stock’s 50 day moving average price is $1,043.02 and its 200 day moving average price is $950.03. The company has a quick ratio of 0.63, a current ratio of 1.11 and a debt-to-equity ratio of 2.83.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating analysts’ consensus estimates of $14.47 by $6.51. The company had revenue of $20.34 billion during the quarter, compared to analysts’ expectations of $16.22 billion. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 15.53%.The firm’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.91 earnings per share. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 68.83 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a $5.00 dividend. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. This represents a $20.00 annualized dividend and a yield of 1.8%. The Goldman Sachs Group’s payout ratio is currently 27.78%.

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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