First American Trust FSB Buys 1,562 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• First American Trust FSB increased its stake in The Goldman Sachs Group by 8.2%, holding 20,720 shares valued at approximately $11.32 million as of the end of the first quarter.
• Insiders at The Goldman Sachs Group, including EVP John F.W. Rogers and CFO Denis P. Coleman, sold significant shares recently, leading to an 8.37% and 28.64% decrease in their ownership, respectively.
• The Goldman Sachs Group announced a quarterly dividend increase to $4.00 from the previous $3.00, representing an annualized dividend of $16.00 and a yield of 2.2%.

First American Trust FSB raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,720 shares of the investment management company's stock after buying an additional 1,562 shares during the period. The Goldman Sachs Group comprises about 1.0% of First American Trust FSB's portfolio, making the stock its 25th largest holding. First American Trust FSB's holdings in The Goldman Sachs Group were worth $11,320,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after acquiring an additional 508 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after acquiring an additional 58 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $583,000. Highview Capital Management LLC DE lifted its holdings in The Goldman Sachs Group by 4.7% in the fourth quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock valued at $2,186,000 after acquiring an additional 171 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in The Goldman Sachs Group by 41.3% in the fourth quarter. Covestor Ltd now owns 147 shares of the investment management company's stock valued at $85,000 after acquiring an additional 43 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on GS shares. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Citizens Jmp reissued a "market perform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Wall Street Zen raised The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. JMP Securities reaffirmed a "market perform" rating and set a $600.00 price objective on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, HSBC reissued a "reduce" rating and issued a $627.00 target price (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. 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's stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus price target of $660.00.

The Goldman Sachs Group Stock Up 0.3%

Shares of NYSE:GS traded up $2.13 during midday trading on Wednesday, hitting $745.51. 1,862,509 shares of the company's stock traded hands, compared to its average volume of 2,576,734. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $225.68 billion, a PE ratio of 16.43, a P/E/G ratio of 1.53 and a beta of 1.38. The firm's fifty day moving average price is $686.71 and its two-hundred day moving average price is $615.52. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $748.91.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating the consensus estimate of $9.82 by $1.09. The business had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The business's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $8.62 EPS. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced 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 represents a $16.00 annualized dividend and a dividend yield of 2.1%. 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 Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the business's stock in a transaction dated 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 $13,469,493.60. The trade was a 28.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David M. Solomon sold 6,608 shares of the company'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 transaction of $4,706,944.48. Following the completion of the sale, the chief executive officer directly owned 126,176 shares of the company's stock, valued at approximately $89,876,426.56. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,079 shares of company stock valued at $14,423,221. Insiders own 0.55% of the company's stock.

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.