Baader Bank Aktiengesellschaft Buys Shares of 2,002 The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Baader Bank Aktiengesellschaft has acquired 2,002 shares of The Goldman Sachs Group, Inc., valued at approximately $1,001,000, during the first quarter.
• Insider trades include CEO David M. Solomon selling 6,608 shares for over $4.7 million and CFO Denis P. Coleman selling 7,463 shares for about $5.4 million, indicating significant insider trading activity.
• The Goldman Sachs Group recently declared a quarterly dividend of $4.00, an increase from its previous dividend of $3.00, representing a dividend yield of 2.19%.

Baader Bank Aktiengesellschaft purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,002 shares of the investment management company's stock, valued at approximately $1,001,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. SlateStone Wealth LLC boosted its holdings in The Goldman Sachs Group by 3.9% in the 1st quarter. SlateStone Wealth LLC now owns 8,449 shares of the investment management company's stock valued at $4,616,000 after purchasing an additional 318 shares during the period. Arkadios Wealth Advisors increased its position in shares of The Goldman Sachs Group by 8.1% during the first quarter. Arkadios Wealth Advisors now owns 6,234 shares of the investment management company's stock worth $3,406,000 after buying an additional 467 shares during the period. Tredje AP fonden boosted its stake in The Goldman Sachs Group by 14.6% during the first quarter. Tredje AP fonden now owns 52,401 shares of the investment management company's stock worth $28,626,000 after acquiring an additional 6,691 shares in the last quarter. Eastern Bank boosted its stake in The Goldman Sachs Group by 4.4% during the first quarter. Eastern Bank now owns 1,529 shares of the investment management company's stock worth $835,000 after acquiring an additional 65 shares in the last quarter. Finally, Vestcor Inc lifted its stake in shares of The Goldman Sachs Group by 4.1% in the first quarter. Vestcor Inc now owns 6,095 shares of the investment management company's stock valued at $3,330,000 after buying an additional 242 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GS. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a report on Friday, April 4th. JMP Securities reissued a "market perform" rating and set a $600.00 price objective on shares of The Goldman Sachs Group in a research report on Monday, July 14th. HSBC reissued a "reduce" rating and set a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Finally, Barclays dropped their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $660.00.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS traded down $14.19 during trading on Friday, hitting $709.40. The company's stock had a trading volume of 2,997,787 shares, compared to its average volume of 2,015,611. The company has a 50-day moving average of $669.82 and a 200-day moving average of $610.85. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $737.88. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.12 and a quick ratio of 0.68. The firm has a market cap of $217.67 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.51 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results 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 Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The company had revenue of $14.58 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same period in the prior year, the firm posted $8.62 EPS. The firm's quarterly revenue was up 14.5% compared to the same quarter last year. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group's payout ratio is 26.44%.

Insider Activity at The Goldman Sachs Group

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 shares were sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the transaction, the executive vice president directly owned 65,761 shares of the company's stock, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value 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 approximately $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,079 shares of company stock valued at $14,423,221. 0.55% of the stock is owned by corporate insiders.

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.