DecisionMap Wealth Management LLC Acquires Shares of 354 The Goldman Sachs Group, Inc. $GS

Key Points

• DecisionMap Wealth Management LLC recently acquired 354 shares of The Goldman Sachs Group, valued at approximately $251,000, as reported in their 13F filing with the SEC.
• Insider selling was notable, with CEO David Solomon and EVP John F.W. Rogers selling over 12,000 shares combined, indicating a decrease in their ownership stakes.
• The Goldman Sachs Group reported earnings of $12.25 per share, surpassing expectations, although revenue was below estimates at $11.33 billion.

DecisionMap Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 354 shares of the investment management company's stock, valued at approximately $251,000.

A number of other hedge funds also recently made changes to their positions in GS. Winthrop Advisory Group LLC grew its holdings in The Goldman Sachs Group by 3.4% during the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company's stock valued at $303,000 after buying an additional 14 shares in the last quarter. Dumont & Blake Investment Advisors LLC boosted its position in shares of The Goldman Sachs Group by 0.7% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company's stock valued at $1,586,000 after acquiring an additional 15 shares during the last quarter. Mechanics Financial Corp grew its holdings in shares of The Goldman Sachs Group by 5.8% in the second quarter. Mechanics Financial Corp now owns 294 shares of the investment management company's stock valued at $208,000 after purchasing an additional 16 shares in the last quarter. Ridgewood Investments LLC increased its position in The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock worth $38,000 after purchasing an additional 17 shares during the last quarter. Finally, Bank of Stockton raised its stake in The Goldman Sachs Group by 0.7% during the second quarter. Bank of Stockton now owns 2,485 shares of the investment management company's stock valued at $1,759,000 after purchasing an additional 17 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at $89,876,426.56. This trade represents a 4.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the company's 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 of the company's stock, 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 three months, insiders sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JMP Securities reissued a "market perform" rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the company a "market perform" rating in a report on Friday. Zacks Research cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 16th. Morgan Stanley decreased their price objective on The Goldman Sachs Group from $854.00 to $828.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a "hold" rating in a report on Tuesday, September 30th. Four analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $771.00.

The Goldman Sachs Group Stock Up 1.6%

Shares of NYSE:GS opened at $763.11 on Tuesday. The firm has a market capitalization of $231.01 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The business has a 50 day simple moving average of $766.13 and a two-hundred day simple moving average of $673.57. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping the consensus estimate of $10.27 by $1.98. The business had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $8.40 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group's payout ratio is 32.50%.

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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