Marietta Wealth Management LLC Sells 318 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Marietta Wealth Management LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,492 shares of the investment management company’s stock after selling 318 shares during the period. The Goldman Sachs Group makes up 1.2% of Marietta Wealth Management LLC’s holdings, making the stock its 25th biggest position. Marietta Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $7,912,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Capital World Investors raised its stake in The Goldman Sachs Group by 6.0% in the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock valued at $2,319,470,000 after purchasing an additional 338,181 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of The Goldman Sachs Group by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after acquiring an additional 152,474 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of The Goldman Sachs Group by 0.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock worth $2,004,153,000 after acquiring an additional 27,524 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in The Goldman Sachs Group by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock valued at $1,910,897,000 after acquiring an additional 274,989 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in The Goldman Sachs Group by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 4,895,928 shares of the investment management company’s stock valued at $2,044,980,000 after purchasing an additional 141,538 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 1.1 %

GS stock traded up $5.24 during trading on Friday, hitting $504.26. The company had a trading volume of 1,587,216 shares, compared to its average volume of 2,331,405. 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, Inc. has a one year low of $289.36 and a one year high of $517.26. The business has a 50-day moving average of $475.05 and a 200-day moving average of $436.08. The stock has a market cap of $162.61 billion, a PE ratio of 19.69, a PEG ratio of 0.99 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.52 by $0.10. The business had revenue of $12.73 billion for the quarter, compared to analyst estimates of $12.60 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.26%. Research analysts predict that The Goldman Sachs Group, Inc. will post 36.74 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a dividend of $3.00 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date of this dividend is Friday, August 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.38%. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the transaction, the insider now directly owns 12,095 shares in the company, valued at approximately $6,119,949.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the sale, the insider now directly owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the transaction, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. Insiders sold 4,013,500 shares of company stock valued at $32,181,365 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. Citigroup upped their target price on The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Seaport Res Ptn cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, Evercore ISI upped their target price on The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an “outperform” 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $495.94.

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.