Dohj LLC Takes Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Dohj LLC has acquired a new position in The Goldman Sachs Group, purchasing 1,464 shares valued at approximately $1,036,000 in the second quarter.
• The Goldman Sachs Group recently increased its quarterly dividend from $3.00 to $4.00, reflecting a 2.0% yield.
• The firm reported $10.91 earnings per share for the last quarter, beating the analysts' consensus estimate of $9.82 and reporting revenue of $14.58 billion.

Dohj LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,464 shares of the investment management company's stock, valued at approximately $1,036,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Winthrop Advisory Group LLC grew its position in shares of 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 acquiring an additional 14 shares during the period. Mechanics Financial Corp grew its holdings in The Goldman Sachs Group by 5.8% during 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 during the period. 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 buying an additional 17 shares in the last quarter. Bank of Stockton raised its stake in shares of The Goldman Sachs Group by 0.7% in the second quarter. Bank of Stockton now owns 2,485 shares of the investment management company's stock worth $1,759,000 after buying an additional 17 shares during the period. Finally, Western Financial Corp CA lifted its position in shares of The Goldman Sachs Group by 0.5% during the 2nd quarter. Western Financial Corp CA now owns 3,597 shares of the investment management company's stock valued at $2,546,000 after buying an additional 17 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GS. JMP Securities reissued 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. Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an "equal weight" rating in a research note on Monday, September 29th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Finally, Zacks Research lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 16th. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and an average price target of $727.31.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $788.56 on Wednesday. The company has a market cap of $238.71 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.64 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $825.25. 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 firm's fifty day moving average is $757.63 and its two-hundred day moving average is $658.90.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the business posted $8.62 earnings per share. The business's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, analysts anticipate 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 was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a $4.00 dividend. This is a boost 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 was Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 35.26%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, 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 directly owned 18,594 shares of the company's stock, valued at $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the business's stock in a transaction that occurred 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 directly owned 65,761 shares in the company, valued at approximately $47,176,283.79. This represents a 8.37% decrease in their position. 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. Company insiders own 0.55% of the company's stock.

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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