12,257 Shares in The Goldman Sachs Group, Inc. $GS Acquired by Verde Servicos Internacionais S.A.

Key Points

• Verde Servicos Internacionais S.A. acquired 12,257 shares of The Goldman Sachs Group, valued at approximately $8.68 million, making it the firm's 13th biggest holding.
• Goldman Sachs reported a 14.5% increase in revenue year-over-year, with earnings per share beating estimates at $10.91 for the last quarter.
• The company increased its quarterly dividend from $3.00 to $4.00, representing a 2.1% yield based on an annualized basis.

Verde Servicos Internacionais S.A. purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,257 shares of the investment management company's stock, valued at approximately $8,675,000. The Goldman Sachs Group comprises about 3.8% of Verde Servicos Internacionais S.A.'s holdings, making the stock its 13th biggest holding.

Several other large investors have also made changes to their positions in GS. Kingstone Capital Partners Texas LLC raised its stake in shares of The Goldman Sachs Group by 617,504.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company's stock valued at $20,566,005,000 after buying an additional 29,053,586 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group during the first quarter worth about $1,766,238,000. Nuveen LLC purchased a new position in The Goldman Sachs Group during the first quarter valued at approximately $897,185,000. Assenagon Asset Management S.A. lifted its holdings in The Goldman Sachs Group by 102.6% in the first quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company's stock valued at $8,065,000 after acquiring an additional 585,084 shares during the period. Finally, Ninety One UK Ltd purchased a new stake in The Goldman Sachs Group in the 2nd quarter worth approximately $408,780,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a "hold" rating in a research report on Tuesday, September 30th. Hsbc Global Res cut The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Morgan Stanley boosted their price objective on The Goldman Sachs Group from $706.00 to $854.00 and gave the company an "equal weight" rating in a research report on Monday, September 29th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a "market perform" rating in a research report on Thursday, July 17th. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $727.31.

Insider Activity

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the transaction, the executive vice president owned 65,761 shares in the company, valued at approximately $47,176,283.79. This represents a 8.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 7,463 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the sale, the chief financial officer owned 18,594 shares of the company's stock, valued at $13,469,493.60. This trade represents a 28.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $779.60 on Friday. The firm's fifty day simple moving average is $759.68 and its 200-day simple moving average is $661.09. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25. The stock has a market capitalization of $236.00 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.47 and a beta of 1.42. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The Goldman Sachs Group's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $8.62 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a $4.00 dividend. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date was Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. The Goldman Sachs Group's payout ratio is 35.26%.

The Goldman Sachs Group 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.

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