High Net Worth Advisory Group LLC Acquires 334 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• High Net Worth Advisory Group LLC increased its stake in The Goldman Sachs Group by 24.6% during the second quarter, acquiring an additional 334 shares, which brings its total holdings to 1,692 shares worth approximately $1.2 million.
• The Goldman Sachs Group reported an impressive earnings per share of $10.91 for the last quarter, surpassing analysts' expectations of $9.82, and achieving a revenue of $14.58 billion against forecasts of $13.53 billion.
• The firm announced a dividend increase to $4.00 per share, up from $3.00, with an annualized dividend yield of 2.0%, reflecting a healthy dividend payout ratio of 35.26%.

High Net Worth Advisory Group LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,692 shares of the investment management company's stock after purchasing an additional 334 shares during the quarter. High Net Worth Advisory Group LLC's holdings in The Goldman Sachs Group were worth $1,199,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GS. Brighton Jones LLC raised its position in The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC raised its position in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after purchasing an additional 58 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new position in The Goldman Sachs Group in the 4th quarter valued at $583,000. Highview Capital Management LLC DE raised its position in The Goldman Sachs Group by 4.7% in the 4th quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock valued at $2,186,000 after purchasing an additional 171 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in The Goldman Sachs Group by 4.5% in the 4th quarter. Two Sigma Investments LP now owns 6,513 shares of the investment management company's stock valued at $3,729,000 after purchasing an additional 280 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Trading Up 0.0%

NYSE:GS traded up $0.14 on Friday, reaching $804.45. The company's stock had a trading volume of 3,788,014 shares, compared to its average volume of 1,604,564. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $809.66. 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 firm has a market cap of $243.52 billion, a PE ratio of 17.73, a PEG ratio of 1.68 and a beta of 1.41. The business's 50-day moving average price is $738.03 and its two-hundred day moving average price is $638.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The firm had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. During the same period in the previous year, the firm earned $8.62 earnings per share. The company's revenue was up 14.5% on a year-over-year basis. Equities 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 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 $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change 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 2.0%. The Goldman Sachs Group's payout ratio is presently 35.26%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GS shares. Citigroup lifted 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. Zacks Research cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. JMP Securities reissued a "market perform" rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Keefe, Bruyette & Woods lifted their target price on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research note on Thursday, July 17th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $665.00.

Insiders Place Their Bets

In other news, COO John E. Waldron sold 9,244 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares of the company's stock, valued at $86,463,679.48. This represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of the company's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the transaction, the chief financial officer directly owned 18,594 shares of the company's stock, valued at $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,323 shares of company stock valued at $28,111,828 in the last three months. 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.