Federation des caisses Desjardins du Quebec Has $29.24 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in The Goldman Sachs Group by 21.0%, owning 53,518 shares valued at approximately $29.24 million as per their recent SEC filing.
• Goldman Sachs recently announced a quarterly dividend of $4.00 per share, up from $3.00, reflecting an annualized dividend yield of 2.2%.
• CEO David M. Solomon and EVP John F.W. Rogers sold shares amounting to approximately $9 million in total, resulting in notable decreases in their stock ownership.

Federation des caisses Desjardins du Quebec raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 21.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,518 shares of the investment management company's stock after purchasing an additional 9,290 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in The Goldman Sachs Group were worth $29,236,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of GS. King Wealth Management Group boosted its holdings in shares of The Goldman Sachs Group by 1.8% during the 1st quarter. King Wealth Management Group now owns 1,086 shares of the investment management company's stock valued at $593,000 after acquiring an additional 19 shares in the last quarter. Wynn Capital LLC boosted its holdings in shares of The Goldman Sachs Group by 0.3% during the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock valued at $3,211,000 after acquiring an additional 20 shares in the last quarter. 1900 Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 2.6% during the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock valued at $425,000 after acquiring an additional 20 shares in the last quarter. Register Financial Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 2.5% during the 1st quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock valued at $440,000 after acquiring an additional 20 shares in the last quarter. Finally, World Equity Group Inc. boosted its holdings in shares of The Goldman Sachs Group by 0.9% during 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. Institutional investors and hedge funds own 71.21% of the company's stock.

Insiders Place Their Bets

In other news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 126,176 shares of the company's stock, valued at approximately $89,876,426.56. This trade represents a 4.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 65,761 shares of the company's stock, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,323 shares of company stock valued at $28,111,828. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Down 2.1%

Shares of NYSE:GS opened at $729.93 on Wednesday. The firm has a market cap of $220.97 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.58 and a beta of 1.41. The company has a quick ratio of 0.67, a current 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 $753.33. The business has a fifty day simple moving average of $720.29 and a 200 day simple moving average of $625.14.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate 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 period last year, the company posted $8.62 EPS. The business's quarterly revenue was up 14.5% on a year-over-year basis. 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 firm 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 $4.00 dividend. This is a boost 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 annualized dividend and a dividend yield of 2.2%. The Goldman Sachs Group's dividend payout ratio is 35.26%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley raised their price objective 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 reissued a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Citigroup raised their price objective 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. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen raised The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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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