The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC has increased its holdings in The Goldman Sachs Group by 161.8%, now owning 1,055 shares valued at approximately $576,000.
• The Goldman Sachs Group announced a quarterly dividend of $4.00 per share, representing a boost from the previous $3.00, with a dividend yield of 2.3%.
• The stock price of The Goldman Sachs Group has experienced a 2.0% decline, with current trading at $709.40, compared to a 1-year high of $737.88.

Blueshift Asset Management LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 161.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,055 shares of the investment management company's stock after buying an additional 652 shares during the quarter. Blueshift Asset Management LLC's holdings in The Goldman Sachs Group were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GS. Moors & Cabot Inc. boosted its holdings in The Goldman Sachs Group by 38.7% in the first quarter. Moors & Cabot Inc. now owns 4,208 shares of the investment management company's stock worth $2,299,000 after purchasing an additional 1,174 shares during the last quarter. Bank of Jackson Hole Trust lifted its holdings in shares of The Goldman Sachs Group by 121.7% during the 1st quarter. Bank of Jackson Hole Trust now owns 634 shares of the investment management company's stock valued at $346,000 after buying an additional 348 shares during the period. Nicolet Advisory Services LLC boosted its stake in shares of The Goldman Sachs Group by 14.3% in the 1st quarter. Nicolet Advisory Services LLC now owns 534 shares of the investment management company's stock worth $292,000 after buying an additional 67 shares during the last quarter. HHM Wealth Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 53.3% in the first quarter. HHM Wealth Advisors LLC now owns 325 shares of the investment management company's stock worth $178,000 after acquiring an additional 113 shares during the period. Finally, King Wealth Management Group increased its position in The Goldman Sachs Group by 1.8% during the first quarter. King Wealth Management Group now owns 1,086 shares of the investment management company's stock valued at $593,000 after acquiring an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GS. Wells Fargo & Company upped their price target on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Morgan Stanley boosted their price target 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. Citigroup increased their price objective 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. 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 issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus price target of $660.00.

The Goldman Sachs Group Price Performance

GS traded up $16.26 during trading on Monday, hitting $725.83. The company's stock had a trading volume of 1,753,263 shares, compared to its average volume of 2,165,566. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $222.71 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.51 and a beta of 1.38. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $737.88. The business's fifty day simple moving average is $669.82 and its 200 day simple moving average is $610.88.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $13.53 billion. During the same period in the previous year, the business earned $8.62 earnings per share. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio is currently 26.44%.

Insider Buying and Selling

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 completion of the sale, the chief financial officer owned 18,594 shares in the company, valued at $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction on 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 $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. In the last 90 days, insiders have sold 20,079 shares of company stock valued at $14,423,221. Corporate insiders own 0.55% of the company's stock.

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.