Bank of Jackson Hole Trust Has $346,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Bank of Jackson Hole Trust significantly increased its stake in The Goldman Sachs Group by 121.7%, owning 634 shares valued at approximately $346,000 at the end of the recent quarter.
• Several institutional investors have also added to their positions in Goldman Sachs, with GAMMA Investing LLC increasing its holdings by an astonishing 63,864.7% during the same quarter.
• The company declared a quarterly dividend of $4.00 to be paid on September 29th, raising the annualized dividend yield to 2.2%, reflecting an increase from the previous dividend of $3.00.

Bank of Jackson Hole Trust increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 121.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 634 shares of the investment management company's stock after purchasing an additional 348 shares during the period. Bank of Jackson Hole Trust's holdings in The Goldman Sachs Group were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. King Wealth Management Group increased its holdings in shares of The Goldman Sachs Group by 1.8% in the 1st quarter. King Wealth Management Group now owns 1,086 shares of the investment management company's stock valued at $593,000 after purchasing an additional 19 shares in the last quarter. Wynn Capital LLC increased its holdings in shares of The Goldman Sachs Group by 0.3% in the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock valued at $3,211,000 after purchasing an additional 20 shares in the last quarter. 1900 Wealth Management LLC increased its holdings in shares of The Goldman Sachs Group by 2.6% in the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock valued at $425,000 after purchasing an additional 20 shares in the last quarter. World Equity Group Inc. increased its holdings in shares of The Goldman Sachs Group by 0.9% in the 1st quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company's stock valued at $1,273,000 after purchasing an additional 20 shares in the last quarter. Finally, Register Financial Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 2.5% in the 1st quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock valued at $440,000 after purchasing an additional 20 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded down $14.19 during midday trading on Friday, reaching $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 Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $737.88. The company has a market capitalization of $217.67 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.51 and a beta of 1.38. 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 business's fifty day simple moving average is $669.82 and its 200-day simple moving average is $610.89.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The firm had revenue of $14.58 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same period last year, the company earned $8.62 earnings per share. The company's revenue was up 14.5% on a year-over-year basis. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a dividend of $4.00 per share. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.3%. The Goldman Sachs Group's payout ratio is presently 26.44%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GS shares. Keefe, Bruyette & Woods raised their target price on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a report on Thursday, July 17th. Citigroup raised their target price on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Finally, HSBC restated a "reduce" rating and set a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of "Hold" and an average target price of $660.00.

Insiders Place Their Bets

In related news, CFO Denis P. Coleman sold 7,463 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $4,310,079.12. Following the completion of the transaction, the executive vice president directly owned 65,761 shares in the company, valued at approximately $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,079 shares of company stock valued at $14,423,221 in the last 90 days. 0.55% of the stock is currently owned by 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.