325 Shares in The Goldman Sachs Group, Inc. $GS Acquired by American Financial Advisors LLC

Key Points

• American Financial Advisors LLC has acquired 325 shares of The Goldman Sachs Group, Inc. valued at approximately $230,000 during the second quarter.
• The Goldman Sachs Group recently reported earnings of $10.91 per share, surpassing analysts' expectations by $1.09, with revenues increasing by 14.5% year-over-year.
• The company has raised its quarterly dividend to $4.00 per share, resulting in an annualized dividend yield of 2.0%, effective from September 29th.

American Financial Advisors LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 325 shares of the investment management company's stock, valued at approximately $230,000.

Other large investors have also made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of The Goldman Sachs Group during the first quarter valued at approximately $25,000. Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. American Capital Advisory LLC purchased a new position in The Goldman Sachs Group during the first quarter valued at approximately $29,000. Godsey & Gibb Inc. grew its position in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares in the last quarter. Finally, Lowe Wealth Advisors LLC grew its position in The Goldman Sachs Group by 326.7% during the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock valued at $35,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded up $0.14 during midday trading on Friday, reaching $804.45. 3,788,014 shares of the company's stock were exchanged, compared to its average volume of 1,604,564. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $809.66. The firm has a market capitalization of $243.52 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.41. The company's 50 day simple moving average is $738.03 and its two-hundred day simple moving average is $638.00. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67.

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

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be issued a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.0%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is 35.26%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GS shares. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research report on Thursday, July 17th. Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an "overweight" rating in a report on Tuesday. Citizens Jmp reaffirmed a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Zacks Research downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Finally, HSBC reaffirmed a "reduce" rating and set a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $665.00.

Insider Activity

In related news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares of the company's stock, valued at $86,463,679.48. This trade represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David M. Solomon sold 6,608 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the sale, the chief executive officer owned 126,176 shares of the company's stock, valued at $89,876,426.56. The trade was a 4.98% 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. Company insiders own 0.55% of the company's stock.

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.