Evernest Financial Advisors LLC Has $1.54 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Evernest Financial Advisors LLC increased its holdings in The Goldman Sachs Group by 33.5% in Q1, owning a total of 2,811 shares valued at approximately $1.54 million as of its latest SEC filing.
• Insiders, including CFO Denis P. Coleman, sold a total of 20,079 shares valued at approximately $14.4 million over the last 90 days, indicating a significant decrease in their ownership stakes.
• The Goldman Sachs Group announced an increase in its quarterly dividend from $3.00 to $4.00 per share, representing an annualized yield of 2.2%.

Evernest Financial Advisors LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 33.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,811 shares of the investment management company's stock after purchasing an additional 706 shares during the quarter. Evernest Financial Advisors LLC's holdings in The Goldman Sachs Group were worth $1,535,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. King Wealth Management Group boosted its position in shares of The Goldman Sachs Group by 1.8% in the 1st 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 period. Wynn Capital LLC boosted its position in shares of The Goldman Sachs Group by 0.3% in the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock valued at $3,211,000 after purchasing an additional 20 shares during the period. 1900 Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 2.6% in the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock valued at $425,000 after purchasing an additional 20 shares during the period. World Equity Group Inc. lifted its position in shares of The Goldman Sachs Group by 0.9% in the 1st quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company's stock valued at $1,273,000 after acquiring an additional 20 shares in the last quarter. Finally, Register Financial Advisors LLC boosted its stake in The Goldman Sachs Group by 2.5% in the 1st quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock worth $440,000 after purchasing an additional 20 shares during the period. Institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the sale, the chief executive officer owned 126,176 shares of the company's stock, valued at $89,876,426.56. This trade represents a 4.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the firm'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 completion of the sale, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,079 shares of company stock valued at $14,423,221. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

GS has been the subject of a number of research analyst reports. Citigroup increased their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Morgan Stanley upped their target price on The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Finally, Barclays dropped their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $660.00.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded up $2.02 during trading on Friday, reaching $721.76. The company had a trading volume of 1,275,362 shares, compared to its average volume of 2,022,910. The firm's 50 day simple moving average is $681.52 and its two-hundred day simple moving average is $614.35. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.68. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $737.88. The company has a market capitalization of $218.49 billion, a PE ratio of 15.90, a PEG ratio of 1.53 and a beta of 1.38.

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 business had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same period last year, the business earned $8.62 EPS. The firm's revenue was up 14.5% compared to the same quarter last year. Sell-side analysts forecast 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. Investors of record on Friday, August 29th will be paid a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend 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 (DPR) is 26.44%.

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.