ASR Vermogensbeheer N.V. Sells 1,042 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• ASR Vermogensbeheer N.V. has reduced its stake in The Goldman Sachs Group, Inc. by 2.8%, selling 1,042 shares and holding a total of 36,807 shares valued at approximately $26 million.
• Insider selling activity was noted, with EVP John F.W. Rogers selling 6,008 shares and CFO Denis P. Coleman selling 7,463 shares, reflecting significant decreases in their respective ownership stakes.
• The Goldman Sachs Group recently increased its quarterly dividend from $3.00 to $4.00, indicating a strong commitment to returning value to shareholders.

ASR Vermogensbeheer N.V. trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,807 shares of the investment management company's stock after selling 1,042 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in The Goldman Sachs Group were worth $26,049,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Dogwood Wealth Management LLC increased its stake in The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company's stock worth $26,000 after purchasing an additional 36 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $25,000. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $29,000. Godsey & Gibb Inc. increased its stake in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after purchasing an additional 34 shares in the last quarter. Finally, Ridgewood Investments LLC boosted its position in The Goldman Sachs Group by 45.9% during the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock worth $38,000 after acquiring an additional 17 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP John F.W. Rogers sold 6,008 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the transaction, the executive vice president owned 65,761 shares in the company, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Denis P. Coleman sold 7,463 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the sale, the chief financial officer directly owned 18,594 shares in the company, valued at $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,323 shares of company stock worth $28,111,828 over the last three months. Company insiders own 0.55% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on GS shares. Citigroup upped their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. HSBC reaffirmed a "reduce" rating and set a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. JMP Securities reaffirmed a "market perform" rating and set a $600.00 price target on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft upped their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a "hold" rating in a research report on Tuesday. Finally, Royal Bank Of Canada upped their price target on The Goldman Sachs Group from $750.00 to $843.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $709.13.

The Goldman Sachs Group Stock Down 1.0%

GS opened at $788.44 on Thursday. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25. The stock's fifty day simple moving average is $752.61 and its 200 day simple moving average is $651.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The stock has a market cap of $238.68 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42.

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

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a $4.00 dividend. The ex-dividend date was Friday, August 29th. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group's dividend payout ratio (DPR) is 35.26%.

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.

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