FCG Investment Co Increases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• FCG Investment Co increased its stake in The Goldman Sachs Group by 21.1%, now holding 2,694 shares valued at $1,472,000 at the last reporting period.
• The Goldman Sachs Group announced a new quarterly dividend of $4.00 per share, up from $3.00, with an ex-dividend date of August 29th.
• Insiders sold a total of 20,079 shares valued at approximately $14.4 million over the last three months, indicating significant insider selling activity.

FCG Investment Co boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 21.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,694 shares of the investment management company's stock after purchasing an additional 469 shares during the quarter. FCG Investment Co's holdings in The Goldman Sachs Group were worth $1,472,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GS. Clal Insurance Enterprises Holdings Ltd purchased a new stake in The Goldman Sachs Group during the 1st quarter valued at about $25,000. American Capital Advisory LLC bought a new position in The Goldman Sachs Group during the 1st quarter valued at about $29,000. Godsey & Gibb Inc. lifted its stake in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after acquiring an additional 34 shares during the period. Transce3nd LLC bought a new position in The Goldman Sachs Group during the 4th quarter valued at about $31,000. Finally, Mascagni Wealth Management Inc. bought a new position in The Goldman Sachs Group during the 4th quarter valued at about $31,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the sale, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $5,406,197.20. Following the completion of the transaction, the chief financial officer directly owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,079 shares of company stock valued at $14,423,221 in the last three months. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Price Performance

NYSE GS opened at $730.50 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $749.05. The stock has a market cap of $221.14 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.55 and a beta of 1.38. The company's 50 day moving average is $694.80 and its two-hundred day moving average is $617.71. 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 (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm posted $8.62 EPS. The company's revenue was up 14.5% on a year-over-year basis. As a group, research analysts anticipate 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. Shareholders of record on Friday, August 29th will be issued a dividend of $4.00 per share. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.2%. The Goldman Sachs Group's payout ratio is 35.26%.

Analysts Set New Price Targets

Several equities analysts have issued reports on GS shares. JMP Securities restated a "market perform" rating and set a $600.00 target price on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the company an "outperform" rating in a research note on Thursday, July 10th. Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research note on Thursday, July 17th. Hsbc Global Res cut shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Finally, 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. One investment 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. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus price target of $660.00.

The Goldman Sachs Group Company 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.

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