Aviso Wealth Management Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Aviso Wealth Management increased its position in The Goldman Sachs Group by 90.3%, holding 5,071 shares worth approximately $2.77 million, making it the fund's 16th largest investment.
• The Goldman Sachs Group recently reported $10.91 earnings per share (EPS), exceeding estimates, with a revenue of $14.58 billion, which is a 14.5% increase year-over-year.
• The company declared a quarterly dividend of $4.00 per share, up from the previous $3.00, representing a yield of 2.3% and a payout ratio of 26.44%.

Aviso Wealth Management raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 90.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,071 shares of the investment management company's stock after acquiring an additional 2,406 shares during the period. The Goldman Sachs Group makes up approximately 1.5% of Aviso Wealth Management's holdings, making the stock its 16th biggest holding. Aviso Wealth Management's holdings in The Goldman Sachs Group were worth $2,770,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Mascagni Wealth Management Inc. purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. American Capital Advisory LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter worth $29,000. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. Godsey & Gibb Inc. raised its holdings in shares of The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after buying an additional 34 shares during the last quarter. Finally, Lowe Wealth Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 326.7% in the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after buying an additional 49 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GS has been the subject of a number of research analyst reports. Citigroup raised their price target on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Barclays reduced their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. JMP Securities reissued a "market perform" rating and set a $600.00 target price on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus target price of $660.00.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 7,463 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the transaction, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the transaction, the executive vice president owned 65,761 shares in the company, valued at $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,079 shares of company stock worth $14,423,221. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded down $14.19 during trading on Friday, hitting $709.40. The company had a trading volume of 2,997,787 shares, compared to its average volume of 2,165,566. The stock has a fifty day simple moving average of $669.82 and a two-hundred day simple moving average of $610.88. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $737.88. The firm has a market capitalization of $217.67 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.51 and a beta of 1.38. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 2.26.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its 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 13.84%. The business had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the business earned $8.62 earnings per share. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. On average, 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 firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $4.00 per share. The ex-dividend date is Friday, August 29th. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a yield of 2.3%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 26.44%.

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.