Bluesphere Advisors LLC Has $1.15 Million Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Bluesphere Advisors LLC reduced its stake in The Goldman Sachs Group by 28.7%, owning 1,618 shares valued at approximately $1.15 million as of its latest SEC filing.
• A significant increase in holdings was noted from Kingstone Capital Partners Texas LLC, which grew its stake by over 617,504%, acquiring more than 29 million shares.
• The Goldman Sachs Group recently increased its quarterly dividend from $3.00 to $4.00 per share, indicating a commitment to returning value to shareholders with a yield of 2.0%.

Bluesphere Advisors LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 28.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,618 shares of the investment management company's stock after selling 652 shares during the period. The Goldman Sachs Group makes up approximately 0.6% of Bluesphere Advisors LLC's investment portfolio, making the stock its 29th largest holding. Bluesphere Advisors LLC's holdings in The Goldman Sachs Group were worth $1,145,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC grew its stake in shares of The Goldman Sachs Group by 617,504.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company's stock worth $20,566,005,000 after purchasing an additional 29,053,586 shares during the period. Northern Trust Corp grew its stake in shares of The Goldman Sachs Group by 1.2% during the first quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company's stock worth $1,820,677,000 after purchasing an additional 40,125 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth $1,766,238,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of The Goldman Sachs Group by 6.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company's stock worth $1,138,527,000 after purchasing an additional 120,272 shares during the period. Finally, Amundi grew its stake in shares of The Goldman Sachs Group by 13.6% during the first quarter. Amundi now owns 1,891,260 shares of the investment management company's stock worth $967,193,000 after purchasing an additional 225,993 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 7,463 shares of the company's stock in a transaction dated 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David M. Solomon sold 6,608 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the transaction, the chief executive officer directly owned 126,176 shares of the company's stock, valued at $89,876,426.56. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock valued at $28,111,828 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Hsbc Global Res cut The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Wells Fargo & Company increased their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an "overweight" rating in a report on Tuesday, September 16th. Citigroup increased their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an "outperform" rating in a report on Thursday, July 10th. Finally, Morgan Stanley increased their price target on The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an "equal weight" rating in a report on Monday. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $674.93.

The Goldman Sachs Group Stock Up 0.2%

GS stock opened at $804.07 on Tuesday. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $243.41 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.67 and a beta of 1.41. The business has a 50-day moving average of $749.28 and a 200-day moving average of $649.87. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The Goldman Sachs Group's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.62 earnings per share. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a dividend of $4.00 per share. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, August 29th. The Goldman Sachs Group's payout ratio is currently 35.26%.

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.

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