Duncker Streett & Co. Inc. Increases Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Duncker Streett & Co. Inc. increased its holdings in The Goldman Sachs Group by 22.7% in Q2, owning 1,928 shares valued at approximately $1.36 million.
• Multiple institutional investors are actively modifying their positions in Goldman Sachs, with Kingstone Capital Partners Texas LLC seeing a staggering increase in stake by 617,504.5%, now owning over 29 million shares.
• The Goldman Sachs Group announced a quarterly dividend of $4.00 per share, representing a yield of 2.1%, with a total annualized dividend payout of $16.00.

Duncker Streett & Co. Inc. lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 22.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,928 shares of the investment management company's stock after purchasing an additional 357 shares during the period. Duncker Streett & Co. Inc.'s holdings in The Goldman Sachs Group were worth $1,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC increased its stake in The Goldman Sachs Group by 617,504.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company's stock worth $20,566,005,000 after buying an additional 29,053,586 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $1,766,238,000. Nuveen LLC purchased a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $897,185,000. Ninety One UK Ltd purchased a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $408,780,000. Finally, Cohen Investment Advisors LLC increased its stake 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 buying an additional 461,911 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on GS. 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. Barclays restated an "overweight" rating on shares of The Goldman Sachs Group in a research report on Wednesday. HSBC upped their price target on The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. UBS Group upped their price target on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a "neutral" rating in a research report on Tuesday, October 7th. Finally, Zacks Research lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 16th. Five equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $746.69.

Insiders Place Their Bets

In related news, EVP John F.W. Rogers sold 6,008 shares of the 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David M. Solomon sold 6,608 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the completion of 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 disclosure for this sale can be found here. Over the last ninety days, insiders 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 Stock Down 2.0%

Shares of NYSE GS opened at $771.44 on Wednesday. The stock has a market cap of $233.53 billion, a P/E ratio of 17.00, a PEG ratio of 1.48 and a beta of 1.42. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The business's fifty day simple moving average is $763.05 and its 200-day simple moving average is $666.12.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The Goldman Sachs Group's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.40 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued 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 dividend payout ratio is 35.26%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.