Dodge & Cox Has $1.83 Billion Stock Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Dodge & Cox reduced its stake in The Goldman Sachs Group by 13.4%, owning 3,351,539 shares worth approximately $1.83 billion after selling 518,997 shares in the first quarter.
• The Goldman Sachs Group reported earnings of $10.91 EPS for the last quarter, exceeding analyst estimates and showing a revenue increase of 14.5% year-over-year.
• Insiders have sold a significant amount of shares recently, with CFO Denis P. Coleman selling 7,463 shares for over $5.4 million, indicating potential shifts in ownership dynamics.

Dodge & Cox cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,351,539 shares of the investment management company's stock after selling 518,997 shares during the period. Dodge & Cox owned 1.09% of The Goldman Sachs Group worth $1,830,912,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. King Wealth Management Group boosted its position in The Goldman Sachs Group by 1.8% during the first quarter. King Wealth Management Group now owns 1,086 shares of the investment management company's stock valued at $593,000 after purchasing an additional 19 shares during the last quarter. Wynn Capital LLC raised its stake in 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 buying an additional 20 shares during the period. 1900 Wealth Management LLC raised its stake in 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 buying an additional 20 shares during the period. Register Financial Advisors LLC raised its stake in 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 buying an additional 20 shares during the period. Finally, World Equity Group Inc. raised its stake in 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 buying an additional 20 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $741.8440 on Friday. The stock's fifty day moving average price is $705.56 and its two-hundred day moving average price is $620.87. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year 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 firm has a market cap of $224.57 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 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 firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the company earned $8.62 EPS. The company's revenue was up 14.5% on a year-over-year basis. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS 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. Stockholders of record on Friday, August 29th will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is 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 35.26%.

Insider Activity

In related news, EVP John F.W. Rogers sold 6,008 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the sale, the executive vice president 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 legal filing with the SEC, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the sale, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. This trade represents a 28.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,079 shares of company stock worth $14,423,221. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on GS. Hsbc Global Res lowered The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Citigroup increased their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Finally, Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $660.00.

About The Goldman Sachs Group

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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