The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.1% in the second quarter, Holdings Channel.com reports. The firm owned 1,788 shares of the investment management company’s stock after acquiring an additional 71 shares during the quarter. Parkside Financial Bank & Trust’s holdings in The Goldman Sachs Group were worth $809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. First Personal Financial Services acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth $25,000. First United Bank & Trust purchased a new stake in The Goldman Sachs Group during the fourth quarter worth about $26,000. POM Investment Strategies LLC acquired a new position in The Goldman Sachs Group during the second quarter worth about $26,000. Versant Capital Management Inc increased its holdings in The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in shares of The Goldman Sachs Group by 103.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 31 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s 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 completion of the sale, the insider now owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 12,095 shares in the company, valued at approximately $6,119,949.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’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 transaction, 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. In the last ninety days, insiders have sold 4,013,500 shares of company stock valued at $32,181,365. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Down 1.0 %

NYSE:GS traded down $4.77 during mid-day trading on Friday, reaching $483.11. The company’s stock had a trading volume of 491,182 shares, compared to its average volume of 2,257,749. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $517.26. The company’s fifty day simple moving average is $488.78 and its two-hundred day simple moving average is $447.10. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $155.79 billion, a P/E ratio of 19.05, a P/E/G ratio of 0.79 and a beta of 1.36.

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, topping the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The business had revenue of $12.73 billion for the quarter, compared to analysts’ expectations of $12.60 billion. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 35.07 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $461.00 to $464.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Citigroup raised their price target on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Finally, Wells Fargo & Company upped their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average 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.