Edmond DE Rothschild Holding S.A. Trims Stock Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in The Goldman Sachs Group, selling 473 shares and decreasing its position by 16.9%, leaving it with 2,321 shares valued at approximately $1.27 million.
• Recent insider transactions include COO John E. Waldron selling 9,000 shares and CFO Denis P. Coleman selling 7,463 shares, reflecting a decrease in their respective ownership stakes.
• The Goldman Sachs Group recently raised its quarterly dividend from $3.00 to $4.00 per share, resulting in an annualized yield of 2.2% and demonstrating the company's commitment to returning value to shareholders.

Edmond DE Rothschild Holding S.A. reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 16.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,321 shares of the investment management company's stock after selling 473 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in The Goldman Sachs Group were worth $1,268,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GS. Banque Transatlantique SA bought a new position in The Goldman Sachs Group during the first quarter worth about $151,000. Alyeska Investment Group L.P. raised its stake in shares of The Goldman Sachs Group by 8.2% during the first quarter. Alyeska Investment Group L.P. now owns 38,306 shares of the investment management company's stock valued at $20,926,000 after acquiring an additional 2,919 shares during the last quarter. Amundi lifted its holdings in shares of The Goldman Sachs Group by 13.6% during the first quarter. Amundi now owns 1,891,260 shares of the investment management company's stock worth $967,193,000 after purchasing an additional 225,993 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings in The Goldman Sachs Group by 21.0% in the first quarter. Federation des caisses Desjardins du Quebec now owns 53,518 shares of the investment management company's stock valued at $29,236,000 after purchasing an additional 9,290 shares during the period. Finally, EP Wealth Advisors LLC raised its position in The Goldman Sachs Group by 18.7% during the 1st quarter. EP Wealth Advisors LLC now owns 6,757 shares of the investment management company's stock worth $3,691,000 after purchasing an additional 1,064 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Trading Up 2.1%

NYSE:GS traded up $15.99 during mid-day trading on Thursday, reaching $785.57. 794,874 shares of the company's stock traded hands, compared to its average volume of 2,466,403. The company has a 50 day moving average price of $726.53 and a 200-day moving average price of $629.25. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $793.17. 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 capitalization of $237.81 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.60 and a beta of 1.41.

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 EPS for the quarter, topping 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 business had revenue of $14.58 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same period last year, the business posted $8.62 earnings per share. The Goldman Sachs Group's quarterly revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be given a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is presently 35.26%.

Insider Activity

In other news, COO John E. Waldron sold 9,000 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer directly owned 106,268 shares of the company's stock, valued at $79,755,196.68. This represents a 7.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the company'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 have sold 38,323 shares of company stock valued at $28,111,828 over the last 90 days. Company insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. JMP Securities restated a "market perform" rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a research report on Monday, July 14th. HSBC restated a "reduce" rating and set a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Wells Fargo & Company lifted their target price on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $660.00.

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.