Vanguard Personalized Indexing Management LLC Acquires 3,133 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Vanguard Personalized Indexing Management LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 13.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,834 shares of the investment management company’s stock after purchasing an additional 3,133 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in The Goldman Sachs Group were worth $12,077,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group during the second quarter worth $26,000. Headlands Technologies LLC bought a new stake in shares of The Goldman Sachs Group during the second quarter worth $27,000. First Personal Financial Services purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at $25,000. SJS Investment Consulting Inc. increased its stake in shares of The Goldman Sachs Group by 103.3% during the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after buying an additional 31 shares during the period. Finally, Quest Partners LLC increased its stake in shares of The Goldman Sachs Group by 6,300.0% during the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after buying an additional 63 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Up 0.0 %

NYSE GS opened at $485.39 on Wednesday. The business has a fifty day moving average price of $490.99 and a 200 day moving average price of $452.97. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $517.26. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $156.52 billion, a P/E ratio of 18.95, a P/E/G ratio of 0.73 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The business had revenue of $12.73 billion during the quarter, compared to the consensus estimate of $12.60 billion. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.5 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.47%. The Goldman Sachs Group’s dividend payout ratio is currently 46.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GS shares. Citigroup boosted their target price on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. BMO Capital Markets upped their price objective on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Barclays upped their target price on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Finally, Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Five 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 target price of $496.44.

Insider Transactions at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 3,500 shares of the stock in a transaction 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 completion of 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 SEC, which is accessible through the SEC website. In related news, Director Thomas K. Montag sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the completion of 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 accessible through this hyperlink. Also, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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.