Little House Capital LLC Trims Stock Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Little House Capital LLC reduced its stake in The Goldman Sachs Group, Inc. by 12.4%, owning 7,569 shares worth approximately $5.36 million, making it the company's 25th largest position.
• The company announced a quarterly dividend of $4.00 per share, increasing from the previous $3.00, which represents a 2.0% dividend yield.
• Wall Street analysts have given The Goldman Sachs Group an average rating of "Hold", with a price target adjustment from various firms, including Citigroup and HSBC.

Little House Capital LLC cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,569 shares of the investment management company's stock after selling 1,070 shares during the period. The Goldman Sachs Group comprises approximately 1.3% of Little House Capital LLC's portfolio, making the stock its 25th largest position. Little House Capital LLC's holdings in The Goldman Sachs Group were worth $5,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GS. Brighton Jones LLC lifted its position in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after acquiring an additional 508 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in The Goldman Sachs Group by 7.0% in the fourth 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 period. Bank Pictet & Cie Europe AG acquired a new position in The Goldman Sachs Group in the fourth quarter valued at $583,000. Highview Capital Management LLC DE increased its stake in The Goldman Sachs Group by 4.7% in the fourth 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 period. Finally, Two Sigma Investments LP increased its stake in The Goldman Sachs Group by 4.5% in the fourth 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 period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Denis P. Coleman sold 7,463 shares of the company'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 transaction, the chief financial officer owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the transaction, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Up 0.9%

GS stock opened at $787.29 on Tuesday. The company has a market cap of $238.33 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.64 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $793.17. The company's 50-day moving average price is $730.38 and its 200 day moving average price is $632.90. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the prior year, the firm earned $8.62 earnings per share. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. On average, research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a dividend of $4.00 per share. 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 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group's payout ratio is currently 35.26%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Citigroup lifted their price objective 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 reiterated a "reduce" rating and set a $627.00 price target (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a "market perform" rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of "Hold" and an average price target 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.

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