Bank & Trust Co Invests $39,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Bank & Trust Co bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 87 shares of the investment management company’s stock, valued at approximately $39,000.

Several other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in The Goldman Sachs Group by 228.8% in the 2nd quarter. Versant Capital Management Inc now owns 217 shares of the investment management company’s stock worth $98,000 after purchasing an additional 151 shares during the period. Heritage Wealth Partners LLC purchased a new position in shares of The Goldman Sachs Group in the second quarter worth $947,000. Moody National Bank Trust Division boosted its position in shares of The Goldman Sachs Group by 6.4% during the second quarter. Moody National Bank Trust Division now owns 3,304 shares of the investment management company’s stock worth $1,494,000 after acquiring an additional 198 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV grew its stake in The Goldman Sachs Group by 29.3% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 679 shares of the investment management company’s stock valued at $307,000 after acquiring an additional 154 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in The Goldman Sachs Group by 6.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 12,432 shares of the investment management company’s stock valued at $5,623,000 after acquiring an additional 753 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction dated 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 directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the transaction, the director now directly owns 12,450 shares in the company, valued at approximately $6,287,748. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The disclosure for this sale can be found here. Insiders have sold 4,013,500 shares of company stock worth $32,181,365 in the last ninety days. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Up 2.4 %

Shares of NYSE GS traded up $11.20 during mid-day trading on Tuesday, reaching $470.22. The company had a trading volume of 2,175,773 shares, compared to its average volume of 2,361,762. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $517.26. The business’s 50-day moving average is $469.25 and its 200-day moving average is $429.70. The stock has a market cap of $151.63 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 0.99 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $12.00 annualized dividend and a yield of 2.55%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s dividend payout ratio is 46.86%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GS shares. Morgan Stanley raised their price objective on The Goldman Sachs Group from $513.00 to $561.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. UBS Group lifted their price objective on The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Evercore ISI increased their target price on The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $461.00 to $464.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Finally, Barclays lifted their price objective on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $495.94.

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.