Invictus Private Wealth LLC Sells 474 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Invictus Private Wealth LLC reduced its stake in The Goldman Sachs Group by 1.4%, selling 474 shares during the first quarter, and now holds 32,557 shares valued at approximately $17.8 million, making it the 17th largest position in their portfolio.
• Recent transactions include significant sales of shares by executives John F.W. Rogers and CFO Denis P. Coleman, with Rogers selling 6,008 shares for over $4.3 million and Coleman selling 7,463 shares for around $5.4 million.
• The Goldman Sachs Group recently increased its quarterly dividend from $3.00 to $4.00, reflecting a positive change in their financial strategy, with a current dividend yield of 2.2%.

Invictus Private Wealth LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,557 shares of the investment management company's stock after selling 474 shares during the period. The Goldman Sachs Group comprises about 1.4% of Invictus Private Wealth LLC's holdings, making the stock its 17th largest position. Invictus Private Wealth LLC's holdings in The Goldman Sachs Group were worth $17,786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of GS. GAMMA Investing LLC raised its stake in shares of The Goldman Sachs Group by 63,864.7% in the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after buying an additional 3,970,467 shares during the period. FMR LLC raised its stake in shares of The Goldman Sachs Group by 23.7% in the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock valued at $2,053,614,000 after buying an additional 687,711 shares during the period. Northern Trust Corp raised its stake in shares of The Goldman Sachs Group by 15.0% in the fourth quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock valued at $1,885,454,000 after buying an additional 428,502 shares during the period. International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group in the first quarter valued at $1,766,238,000. Finally, Invesco Ltd. raised its stake in shares of The Goldman Sachs Group by 8.3% in the fourth quarter. Invesco Ltd. now owns 3,010,583 shares of the investment management company's stock valued at $1,723,920,000 after buying an additional 229,673 shares during the period. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 6,008 shares of the firm's stock in a transaction that occurred on 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 trade represents a 8.37% decrease in their position. 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 firm'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 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 approximately $13,469,493.60. This trade represents a 28.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,079 shares of company stock valued at $14,423,221. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of GS traded down $14.19 during midday trading on Friday, reaching $709.40. The stock had a trading volume of 2,997,787 shares, compared to its average volume of 2,015,611. The company's 50-day moving average is $669.82 and its 200 day moving average is $610.89. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $737.88. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $217.67 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.51 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results 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 company 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 13.84% and a net margin of 12.37%. The Goldman Sachs Group's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $8.62 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS 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. Stockholders of record on Friday, August 29th will be given a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.3%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio is currently 26.44%.

Wall Street Analyst Weigh In

GS has been the topic of a number of analyst reports. JMP Securities reiterated a "market perform" rating and set a $600.00 price objective on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Citigroup boosted their price objective 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. Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. 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. Finally, Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the company an "outperform" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $660.00.

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.