The Goldman Sachs Group, Inc. $GS Shares Sold by Gordian Capital Singapore Pte Ltd

Key Points

• Gordian Capital Singapore Pte Ltd reduced its stake in The Goldman Sachs Group, Inc. by 10.8% during Q1, holding now 3,800 shares valued at approximately $2.07 million.
• The Goldman Sachs Group increased its quarterly dividend to $4.00 per share, up from the previous $3.00, reflecting positive financial performance.
• Analysts are generally optimistic about the stock, with an average rating of "Hold" and a target price of $660.00, while Zacks Research upgraded it to a "strong-buy" rating.

Gordian Capital Singapore Pte Ltd lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,800 shares of the investment management company's stock after selling 459 shares during the quarter. The Goldman Sachs Group makes up approximately 1.3% of Gordian Capital Singapore Pte Ltd's investment portfolio, making the stock its 18th largest position. Gordian Capital Singapore Pte Ltd's holdings in The Goldman Sachs Group were worth $2,069,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its position in shares of The Goldman Sachs Group by 28.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company's stock valued at $286,418,000 after purchasing an additional 116,535 shares during the last quarter. All Terrain Financial Advisors LLC increased its stake in The Goldman Sachs Group by 7.7% in the 1st quarter. All Terrain Financial Advisors LLC now owns 1,400 shares of the investment management company's stock worth $765,000 after acquiring an additional 100 shares during the last quarter. WPG Advisers LLC purchased a new position in The Goldman Sachs Group during the 1st quarter valued at $80,000. Trexquant Investment LP bought a new position in shares of The Goldman Sachs Group in the 1st quarter worth $27,901,000. Finally, Next Century Growth Investors LLC boosted its stake in shares of The Goldman Sachs Group by 14.1% in the first quarter. Next Century Growth Investors LLC now owns 8,593 shares of the investment management company's stock worth $4,694,000 after buying an additional 1,065 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Denis P. Coleman sold 7,463 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO John E. Waldron sold 9,000 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the transaction, the chief operating officer owned 106,268 shares of the company's stock, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock worth $28,111,828 in the last quarter. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Down 2.1%

Shares of GS traded down $15.32 during mid-day trading on Tuesday, reaching $729.93. The company's stock had a trading volume of 2,193,787 shares, compared to its average volume of 2,498,530. 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 business has a fifty day moving average of $718.92 and a 200 day moving average of $624.40. The company has a market cap of $220.97 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 1.58 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $753.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The firm 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 company's revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.62 EPS. As a group, analysts forecast 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 firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 29th. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio is 35.26%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GS shares. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Wells Fargo & Company increased their price objective on shares of 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. Citigroup boosted their target price on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Finally, Zacks Research upgraded shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $660.00.

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.