Guggenheim Capital LLC Purchases 4,922 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Guggenheim Capital LLC increased its stake in The Goldman Sachs Group, Inc. by 7.4%, now owning 71,856 shares valued at approximately $39.25 million.
• Goldman Sachs reported an earnings per share (EPS) of $10.91 for the last quarter, exceeding expectations of $9.82, and had a revenue of $14.58 billion, up 14.5% year-over-year.
• The company has announced a quarterly dividend of $4.00 per share, reflecting a positive increase from the previous dividend of $3.00, with an annual yield of 2.1%.

Guggenheim Capital LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 7.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,856 shares of the investment management company's stock after buying an additional 4,922 shares during the quarter. Guggenheim Capital LLC's holdings in The Goldman Sachs Group were worth $39,254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. RB Capital Management LLC boosted its stake in The Goldman Sachs Group by 2.9% during the first quarter. RB Capital Management LLC now owns 4,178 shares of the investment management company's stock worth $2,282,000 after buying an additional 119 shares during the period. CreativeOne Wealth LLC boosted its stake in shares of The Goldman Sachs Group by 30.5% during the first quarter. CreativeOne Wealth LLC now owns 6,939 shares of the investment management company's stock valued at $3,791,000 after purchasing an additional 1,623 shares during the period. Zuckerman Investment Group LLC boosted its stake in shares of The Goldman Sachs Group by 105.1% during the first quarter. Zuckerman Investment Group LLC now owns 1,171 shares of the investment management company's stock valued at $640,000 after purchasing an additional 600 shares during the period. Redwood Investment Management LLC boosted its stake in shares of The Goldman Sachs Group by 14.2% during the first quarter. Redwood Investment Management LLC now owns 2,846 shares of the investment management company's stock valued at $1,555,000 after purchasing an additional 354 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in shares of The Goldman Sachs Group by 3.3% during the first quarter. Gamco Investors INC. ET AL now owns 6,336 shares of the investment management company's stock valued at $3,461,000 after purchasing an additional 200 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GS. Citigroup boosted their target price on shares of 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. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Finally, Citizens Jmp reissued a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $660.00.

The Goldman Sachs Group Stock Down 0.8%

Shares of GS stock traded down $5.74 on Friday, hitting $745.48. The stock had a trading volume of 1,466,878 shares, compared to its average volume of 1,664,655. 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 50 day moving average price of $716.96 and a 200 day moving average price of $624.17. The company has a market cap of $225.67 billion, a PE ratio of 16.43, a P/E/G ratio of 1.60 and a beta of 1.38. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $753.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $14.58 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $8.62 earnings per share. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a $4.00 dividend. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio is presently 26.44%.

Insider Activity

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 value of $5,406,197.20. Following the completion of the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was 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 owned 65,761 shares of the company's stock, valued at $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,323 shares of company stock valued at $28,111,828. Company insiders own 0.55% of the company's stock.

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.