Game Plan Financial Advisors LLC Has $3.32 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Game Plan Financial Advisors LLC increased its holdings in The Goldman Sachs Group by 20.3%, owning 6,072 shares valued at approximately $3.32 million at the end of the most recent quarter.
• Insider transactions revealed that executives John F.W. Rogers and John E. Waldron sold significant volumes of shares, leading to an 8.37% and 7.42% decrease in their respective ownership stakes.
• The Goldman Sachs Group announced an increase in its quarterly dividend from $3.00 to $4.00 per share, reflecting a 2.2% yield for shareholders of record on August 29th.

Game Plan Financial Advisors LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 20.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,072 shares of the investment management company's stock after purchasing an additional 1,025 shares during the period. The Goldman Sachs Group comprises 1.6% of Game Plan Financial Advisors LLC's holdings, making the stock its 21st largest position. Game Plan Financial Advisors LLC's holdings in The Goldman Sachs Group were worth $3,317,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. King Wealth Management Group boosted its holdings in shares of The Goldman Sachs Group by 1.8% during the first quarter. King Wealth Management Group now owns 1,086 shares of the investment management company's stock worth $593,000 after acquiring an additional 19 shares during the period. Raab & Moskowitz Asset Management LLC increased its stake in shares of The Goldman Sachs Group by 0.9% during the first quarter. Raab & Moskowitz Asset Management LLC now owns 2,020 shares of the investment management company's stock worth $1,104,000 after purchasing an additional 19 shares during the period. Wynn Capital LLC increased its stake in shares of The Goldman Sachs Group by 0.3% during the first quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock worth $3,211,000 after purchasing an additional 20 shares during the period. 1900 Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 2.6% during the first quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock worth $425,000 after purchasing an additional 20 shares during the period. Finally, Register Financial Advisors LLC increased its stake in shares of The Goldman Sachs Group by 2.5% during the first 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. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the business'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 transaction of $4,310,079.12. Following the completion of the transaction, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John E. Waldron sold 9,244 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares of the company's stock, valued at approximately $86,463,679.48. This represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock valued at $28,111,828 in the last three months. Company insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GS shares. Hsbc Global Res lowered The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Wells Fargo & Company increased 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. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Finally, Morgan Stanley increased their target price on The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research note 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $660.00.

The Goldman Sachs Group Trading Up 0.4%

Shares of GS stock opened at $741.20 on Tuesday. 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 stock has a market cap of $224.38 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. The stock has a 50 day simple moving average of $724.28 and a 200 day simple moving average of $627.32. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $757.35.

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

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a dividend of $4.00 per share. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 35.26%.

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.

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