Commerzbank Aktiengesellschaft FI Acquires 1,454 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in The Goldman Sachs Group by 2.7%, acquiring an additional 1,454 shares during the second quarter, bringing its total to 55,112 shares valued at approximately $39 million.
• The Goldman Sachs Group reported $10.91 EPS for the quarter, surpassing analysts' expectations of $9.82, and recorded a revenue of $14.58 billion, up 14.5% year-over-year.
• In a positive development, The Goldman Sachs Group announced a quarterly dividend of $4.00 per share, which is an increase from its previous dividend of $3.00, resulting in an annualized yield of 2.1%.

Commerzbank Aktiengesellschaft FI lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,112 shares of the investment management company's stock after acquiring an additional 1,454 shares during the quarter. The Goldman Sachs Group makes up approximately 0.9% of Commerzbank Aktiengesellschaft FI's investment portfolio, making the stock its 27th largest position. Commerzbank Aktiengesellschaft FI's holdings in The Goldman Sachs Group were worth $39,006,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GS. WMG Financial Advisors LLC bought a new position in The Goldman Sachs Group in the second quarter valued at approximately $230,000. Stiles Financial Services Inc acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $905,000. Verde Servicos Internacionais S.A. acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $8,675,000. Coordinated Financial Services Inc. acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $381,000. Finally, KRS Capital Management LLC raised its position in The Goldman Sachs Group by 7.1% during the second quarter. KRS Capital Management LLC now owns 833 shares of the investment management company's stock worth $590,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $779.60 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The company has a 50-day simple moving average of $759.68 and a two-hundred day simple moving average of $661.09. The stock has a market capitalization of $236.00 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.47 and a beta of 1.42. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its 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 company had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The business's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $8.62 earnings per share. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced 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 represents a $16.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was 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 35.26%.

Wall Street Analysts Forecast Growth

GS has been the topic of several analyst reports. HSBC upped their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. UBS Group lifted their price target on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a "neutral" rating in a report on Tuesday. Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Royal Bank Of Canada raised their price objective on The Goldman Sachs Group from $750.00 to $843.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 1st. Finally, Evercore ISI increased their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Five research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $727.31.

Insider Buying and Selling

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president directly owned 65,761 shares of the company's stock, valued at $47,176,283.79. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Solomon sold 6,608 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at approximately $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 worth $28,111,828 in the last ninety days. 0.55% of the stock is owned by company 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.

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