Baron Silver Stevens Financial Advisors LLC Takes $288,000 Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Baron Silver Stevens Financial Advisors LLC has invested approximately $288,000 in The Goldman Sachs Group by acquiring 407 shares in the second quarter.
• Goldman Sachs reported an earnings per share (EPS) of $10.91 for the last quarter, exceeding estimates, with revenue of $14.58 billion, up 14.5% from the previous year.
• The company's quarterly dividend has increased from $3.00 to $4.00 per share, representing a 2.0% dividend yield.

Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 407 shares of the investment management company's stock, valued at approximately $288,000.

Other large investors have also recently bought and sold shares of the company. Ridgewood Investments LLC lifted its holdings in shares of The Goldman Sachs Group by 45.9% in the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock worth $38,000 after purchasing an additional 17 shares during the last quarter. Bank of Stockton increased its position in The Goldman Sachs Group by 0.7% in the second quarter. Bank of Stockton now owns 2,485 shares of the investment management company's stock worth $1,759,000 after buying an additional 17 shares during the period. Western Financial Corp CA increased its position in The Goldman Sachs Group by 0.5% in the second quarter. Western Financial Corp CA now owns 3,597 shares of the investment management company's stock worth $2,546,000 after buying an additional 17 shares during the period. King Wealth Management Group lifted its stake in The Goldman Sachs Group by 1.8% in the first quarter. King Wealth Management Group now owns 1,086 shares of the investment management company's stock valued at $593,000 after buying an additional 19 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 0.9% during the first quarter. Raab & Moskowitz Asset Management LLC now owns 2,020 shares of the investment management company's stock valued at $1,104,000 after acquiring an additional 19 shares during the period. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $802.91 on Monday. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25. 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 company's 50-day moving average price is $747.32 and its two-hundred day moving average price is $648.04. The stock has a market cap of $243.06 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41.

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 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 14.32%. The company had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. During the same quarter in the previous year, the company posted $8.62 EPS. The business's revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid 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 dividend yield of 2.0%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio is 35.26%.

Analysts Set New Price Targets

A number of research firms recently weighed in on GS. Evercore ISI set a $715.00 price objective on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a report on Thursday, July 10th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. JMP Securities reiterated 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. Morgan Stanley increased their price objective on 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. Finally, Wall Street Zen raised The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $665.00.

Insider Buying and Selling

In other The Goldman Sachs Group news, 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 sale, the executive vice president owned 65,761 shares in the company, valued at approximately $47,176,283.79. The trade was a 8.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of the company'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 sale, the chief financial officer directly owned 18,594 shares of the company's stock, valued at $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 quarter, insiders have sold 38,323 shares of company stock valued at $28,111,828. Insiders own 0.55% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.