Boston Partners Purchases 610 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Boston Partners has increased its stake in The Goldman Sachs Group, Inc. by 0.1%, now owning approximately 993,706 shares worth about $542 million.
• In the latest quarter, Goldman Sachs reported earnings per share (EPS) of $10.91, exceeding estimates and indicating a 14.5% increase in revenue from the previous year.
• The company recently declared a quarterly dividend increase to $4.00 per share, reflecting a boost from their previous quarterly dividend of $3.00.

Boston Partners grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 0.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 993,706 shares of the investment management company's stock after purchasing an additional 610 shares during the period. Boston Partners owned about 0.32% of The Goldman Sachs Group worth $542,206,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Hsbc Global Res lowered The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the company an "outperform" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods upped their target price on 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 upped their target price on 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, Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $660.00.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS traded down $16.70 during trading on Friday, hitting $730.50. 1,645,323 shares of the company were exchanged, compared to its average volume of 1,885,910. The company has a market cap of $221.14 billion, a PE ratio of 16.10, a P/E/G ratio of 1.59 and a beta of 1.38. The stock has a 50 day moving average of $694.80 and a 200 day moving average of $617.85. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $749.05. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%. The company had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter last year, the business posted $8.62 earnings per share. The firm's revenue was up 14.5% compared to the same quarter last year. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is 26.44%.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 7,463 shares of the 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 sale, the chief financial officer owned 18,594 shares in the company, valued at approximately $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the sale, the executive vice president owned 65,761 shares in the company, valued at $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,079 shares of company stock worth $14,423,221. Corporate 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.