GSA Capital Partners LLP Has $2.08 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• GSA Capital Partners LLP significantly increased its holdings in The Goldman Sachs Group by 78.7% during the first quarter, bringing its total investment value to approximately $2.08 million.
• CEO David M. Solomon and EVP John F.W. Rogers both recently sold shares of the company's stock, with Solomon's transaction totaling about $4.7 million.
• The Goldman Sachs Group announced an increase in its quarterly dividend to $4.00 per share, reflecting a yield of 2.21% and an increase from the previous dividend of $3.00.

GSA Capital Partners LLP raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 78.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,800 shares of the investment management company's stock after acquiring an additional 1,674 shares during the period. GSA Capital Partners LLP's holdings in The Goldman Sachs Group were worth $2,076,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GS. Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group during the fourth quarter worth $31,000. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group during the first quarter worth $29,000. Transce3nd LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth $31,000. Godsey & Gibb Inc. lifted its holdings in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after acquiring an additional 34 shares during the period. Finally, Lowe Wealth Advisors LLC lifted its holdings in The Goldman Sachs Group by 326.7% during the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 126,176 shares in the company, valued at approximately $89,876,426.56. This trade represents a 4.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the firm's stock in a transaction on 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 owned 65,761 shares in the company, 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 three months, insiders have sold 20,079 shares of company stock worth $14,423,221. Insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup boosted their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Barclays lowered their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, HSBC reiterated a "reduce" rating and issued a $627.00 price target (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $660.00.

The Goldman Sachs Group Stock Down 0.7%

GS stock opened at $723.85 on Tuesday. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $732.52. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 2.26. The firm has a market cap of $222.11 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35. The business has a 50 day moving average of $659.83 and a 200 day moving average of $607.08.

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, beating analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The company had revenue of $14.58 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the company earned $8.62 EPS. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS 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. Shareholders of record on Friday, August 29th will be paid a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 2.21%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 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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