The Goldman Sachs Group, Inc. $GS Shares Bought by Czech National Bank

Key Points

• The Czech National Bank increased its stake in The Goldman Sachs Group by 4.6%, owning a total of 75,002 shares valued at approximately $53.08 million at the end of the second quarter.
• Goldman Sachs recently increased its quarterly dividend to $4.00 per share, up from $3.00, representing a 2.0% yield.
• Analysts have mixed ratings on Goldman Sachs, with a consensus rating of "Hold" and a target price of $660.00, reflecting recent upgrades and downgrades by various brokerages.

Czech National Bank grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,002 shares of the investment management company's stock after purchasing an additional 3,332 shares during the quarter. Czech National Bank's holdings in The Goldman Sachs Group were worth $53,083,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GS. GAMMA Investing LLC grew its position in shares of The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after buying an additional 3,970,467 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $1,766,238,000. Nuveen LLC purchased a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $897,185,000. Assenagon Asset Management S.A. grew its position in shares of The Goldman Sachs Group by 102.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company's stock valued at $8,065,000 after buying an additional 585,084 shares during the last quarter. Finally, Cohen Investment Advisors LLC grew its position in The Goldman Sachs Group by 5,559.2% during the 1st quarter. Cohen Investment Advisors LLC now owns 470,220 shares of the investment management company's stock worth $256,876,000 after purchasing an additional 461,911 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the sale, the chief operating officer directly owned 106,268 shares in the company, valued at $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the chief financial officer owned 18,594 shares of the company's stock, valued at approximately $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. Insiders have sold 38,323 shares of company stock valued at $28,111,828 in the last ninety days. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Up 0.0%

The Goldman Sachs Group stock traded up $0.14 during trading on Friday, reaching $804.45. The company had a trading volume of 3,788,014 shares, compared to its average volume of 1,604,564. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $809.66. The stock's 50 day moving average price is $738.03 and its two-hundred day moving average price is $638.00. The firm has a market capitalization of $243.52 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.68 and a beta of 1.41. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the previous year, the firm earned $8.62 earnings per share. The Goldman Sachs Group's revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts expect 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid 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 yield of 2.0%. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's payout ratio is presently 35.26%.

Analysts Set New Price Targets

GS has been the topic of several research reports. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Citizens Jmp reissued a "market perform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. JMP Securities reaffirmed a "market perform" rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, Zacks Research downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of "Hold" and an average price target of $665.00.

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.