GenTrust LLC Raises Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

GenTrust LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 21.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,621 shares of the investment management company’s stock after purchasing an additional 1,694 shares during the quarter. GenTrust LLC’s holdings in The Goldman Sachs Group were worth $4,019,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in The Goldman Sachs Group by 13.7% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock worth $64,291,000 after buying an additional 20,018 shares during the last quarter. HTLF Bank acquired a new position in The Goldman Sachs Group in the fourth quarter worth $850,000. Apexium Financial LP increased its stake in The Goldman Sachs Group by 7.1% during the fourth quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock valued at $2,188,000 after purchasing an additional 378 shares during the last quarter. Wealth Alliance raised its holdings in shares of The Goldman Sachs Group by 17.3% during the fourth quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock worth $399,000 after purchasing an additional 153 shares during the period. Finally, Trueblood Wealth Management LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $989,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.5 %

Shares of NYSE:GS traded up $2.31 during trading on Thursday, reaching $467.92. 993,915 shares of the company traded hands, compared to its average volume of 1,939,258. The firm has a fifty day simple moving average of $452.52 and a 200 day simple moving average of $412.68. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $471.48. The firm has a market cap of $150.89 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 0.94 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The firm’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company earned $8.79 EPS. Analysts anticipate that The Goldman Sachs Group, Inc. will post 36.52 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Insiders Place Their Bets

In other news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the sale, the insider now owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GS shares. Oppenheimer upped their price objective on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. HSBC upped their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Royal Bank of Canada lifted their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Finally, Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $445.62.

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.