Livforsakringsbolaget Skandia Omsesidigt Increases Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in The Goldman Sachs Group by 19.8%, owning 39,356 shares valued at approximately $27.84 million as of the latest reporting period.
• The Goldman Sachs Group recently reported earnings of $10.91 per share, exceeding analysts' expectations by $1.09, and showed a 14.5% increase in revenue year over year.
• A quarterly dividend was declared at $4.00, a notable increase from the previous quarterly dividend of $3.00, reflecting a 2.0% yield for shareholders.

Livforsakringsbolaget Skandia Omsesidigt lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 19.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,356 shares of the investment management company's stock after buying an additional 6,500 shares during the quarter. The Goldman Sachs Group comprises 1.3% of Livforsakringsbolaget Skandia Omsesidigt's investment portfolio, making the stock its 10th largest holding. Livforsakringsbolaget Skandia Omsesidigt's holdings in The Goldman Sachs Group were worth $27,842,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GS. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $25,000. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group during the first quarter worth approximately $29,000. Godsey & Gibb Inc. boosted its position 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 purchasing an additional 34 shares during the period. Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Finally, Lowe Wealth Advisors LLC boosted its position 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 purchasing an additional 49 shares during the period. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded up $7.44 during trading hours on Tuesday, reaching $813.00. 628,719 shares of the company's stock were exchanged, compared to its average volume of 2,435,852. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25. The stock has a market capitalization of $246.11 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.68 and a beta of 1.41. The business has a fifty day moving average price of $739.87 and a 200-day moving average price of $640.52. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The company had revenue of $14.58 billion during the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The company's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company earned $8.62 earnings per share. 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. Investors of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date 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 dividend yield of 2.0%. The Goldman Sachs Group's dividend payout ratio is currently 35.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Morgan Stanley upped their target price on The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Citigroup upped their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. HSBC reaffirmed a "reduce" rating and set a $627.00 target price (up previously from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. JMP Securities reaffirmed a "market perform" rating and set a $600.00 target price on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $665.00.

Insider Transactions at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the completion of the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at approximately $89,876,426.56. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of the company's stock in a transaction 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 completion of the transaction, the chief financial officer owned 18,594 shares of the company's stock, valued at $13,469,493.60. The trade was a 28.64% 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.