The Goldman Sachs Group, Inc. $GS Stock Position Raised by Diversified Trust Co

Key Points

• Diversified Trust Co increased its holdings in The Goldman Sachs Group by 39.9%, owning 14,229 shares valued at approximately $10.07 million.
• The CEO, David M. Solomon, and EVP John F.W. Rogers sold shares worth over $9 million combined, indicating a reduction in their ownership stakes.
• The Goldman Sachs Group declared a quarterly dividend increase to $4.00 per share, up from $3.00, reflecting a 2.0% dividend yield.

Diversified Trust Co boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 39.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,229 shares of the investment management company's stock after acquiring an additional 4,056 shares during the period. Diversified Trust Co's holdings in The Goldman Sachs Group were worth $10,071,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GS. Canada Pension Plan Investment Board raised its position in The Goldman Sachs Group by 28.6% in the first quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company's stock valued at $286,418,000 after purchasing an additional 116,535 shares during the period. Clear Creek Financial Management LLC purchased a new stake in The Goldman Sachs Group in the first quarter valued at approximately $321,000. Blueshift Asset Management LLC raised its position in The Goldman Sachs Group by 161.8% in the first quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company's stock valued at $576,000 after purchasing an additional 652 shares during the period. Adams Diversified Equity Fund Inc. raised its position in The Goldman Sachs Group by 41.5% in the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock valued at $27,205,000 after purchasing an additional 14,600 shares during the period. Finally, Terra Nova Asset Management LLC purchased a new stake in The Goldman Sachs Group in the first quarter valued at approximately $1,643,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Hsbc Global Res lowered The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. HSBC reiterated a "reduce" rating and issued a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. JMP Securities reiterated 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. Zacks Research cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 16th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $665.00.

The Goldman Sachs Group Trading Up 0.0%

GS stock traded up $0.14 during midday trading on Friday, hitting $804.45. The stock 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 company's 50-day moving average price is $738.03 and its 200 day moving average price is $638.30. The firm has a market cap of $243.52 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.41. 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 announced its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. During the same period in the previous year, the company earned $8.62 EPS. The business's quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $4.00 per share. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group's dividend payout ratio is currently 35.26%.

Insider Activity

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the business's stock in a transaction on 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 owned 65,761 shares in the company, valued at $47,176,283.79. The trade was a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John E. Waldron sold 9,244 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer owned 115,268 shares in the company, valued at $86,463,679.48. This represents a 7.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is owned by corporate 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.