Atria Investments LLC increased its stake in Goldman Sachs Group Inc (NYSE:GS) by 1,001.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,258 shares of the investment management company’s stock after buying an additional 41,150 shares during the period. Atria Investments LLC’s holdings in Goldman Sachs Group were worth $471,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Goldman Sachs Group by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 4,291,537 shares of the investment management company’s stock valued at $715,573,000 after purchasing an additional 411,700 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Goldman Sachs Group by 15.0% during the first quarter. Parallel Advisors LLC now owns 1,347 shares of the investment management company’s stock worth $259,000 after acquiring an additional 176 shares during the last quarter. Joseph P. Lucia & Associates LLC bought a new position in shares of Goldman Sachs Group during the first quarter worth about $129,000. United Asset Strategies Inc. grew its position in shares of Goldman Sachs Group by 4.7% during the first quarter. United Asset Strategies Inc. now owns 10,536 shares of the investment management company’s stock worth $2,023,000 after acquiring an additional 475 shares during the last quarter. Finally, Hartz Capital Inc. bought a new position in shares of Goldman Sachs Group during the first quarter worth about $1,339,000. Institutional investors and hedge funds own 69.17% of the company’s stock.
In other news, EVP Dane E. Holmes sold 3,165 shares of Goldman Sachs Group stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $212.15, for a total transaction of $671,454.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.41% of the stock is owned by company insiders.
Several research firms have recently commented on GS. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 price target for the company in a research report on Tuesday, June 25th. TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Tuesday, August 6th. Deutsche Bank reissued a “buy” rating on shares of Goldman Sachs Group in a report on Friday, June 28th. Royal Bank of Canada reissued a “neutral” rating and issued a $220.00 price target on shares of Goldman Sachs Group in a report on Tuesday, July 16th. Finally, BMO Capital Markets boosted their price objective on Goldman Sachs Group to $273.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $240.92.
GS stock traded up $0.99 during midday trading on Friday, hitting $219.73. The stock had a trading volume of 583,202 shares, compared to its average volume of 1,793,145. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.78. The stock has a 50-day simple moving average of $206.50 and a 200 day simple moving average of $201.07. Goldman Sachs Group Inc has a 52 week low of $151.70 and a 52 week high of $238.52. The firm has a market capitalization of $77.53 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 0.79 and a beta of 1.34.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, July 16th. The investment management company reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $1.08. Goldman Sachs Group had a return on equity of 12.43% and a net margin of 22.09%. The firm had revenue of $9.46 billion during the quarter, compared to analyst estimates of $8.88 billion. During the same period in the prior year, the company posted $5.98 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts forecast that Goldman Sachs Group Inc will post 22.81 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be issued a $1.25 dividend. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $5.00 annualized dividend and a yield of 2.28%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 19.79%.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
Read More: Beige Book
Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.