5,000 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Lockheed Martin Investment Management Co.

Key Points

• Lockheed Martin Investment Management Co. invested $2.73 million in The Goldman Sachs Group, acquiring 5,000 shares during the first quarter.
• The Goldman Sachs Group increased its quarterly dividend from $3.00 to $4.00, representing an annualized yield of 2.2%.
• Analysts have varying views on the stock, with a consensus rating of "Hold" and a target price of $660.00 amidst recent earnings exceeding estimates.

Lockheed Martin Investment Management Co. acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,000 shares of the investment management company's stock, valued at approximately $2,731,000.

Several other institutional investors have also recently modified their holdings of the company. Nuveen LLC acquired a new stake in The Goldman Sachs Group during the first quarter worth about $897,185,000. Cooper Financial Group grew its holdings in The Goldman Sachs Group by 9.1% during the first quarter. Cooper Financial Group now owns 3,843 shares of the investment management company's stock worth $2,099,000 after acquiring an additional 321 shares during the period. Aveo Capital Partners LLC grew its holdings in The Goldman Sachs Group by 7.5% during the first quarter. Aveo Capital Partners LLC now owns 570 shares of the investment management company's stock worth $315,000 after acquiring an additional 40 shares during the period. King Luther Capital Management Corp grew its holdings in The Goldman Sachs Group by 891.1% during the first quarter. King Luther Capital Management Corp now owns 73,404 shares of the investment management company's stock worth $40,100,000 after acquiring an additional 65,998 shares during the period. Finally, AFT Forsyth & Company Inc. grew its holdings in The Goldman Sachs Group by 3.9% during the first quarter. AFT Forsyth & Company Inc. now owns 1,574 shares of the investment management company's stock worth $860,000 after acquiring an additional 59 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Up 0.2%

The Goldman Sachs Group stock traded up $1.59 during trading on Thursday, reaching $746.28. 709,874 shares of the company were exchanged, compared to its average volume of 2,564,216. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $748.91. The company has a market capitalization of $225.91 billion, a P/E ratio of 16.45, a PEG ratio of 1.58 and a beta of 1.38. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67. The stock's 50 day simple moving average is $689.63 and its two-hundred day simple moving average is $616.41.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data 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 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 for the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter last year, the business posted $8.62 earnings per share. The firm's revenue was up 14.5% compared to the same quarter last year. On average, equities 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 firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a $4.00 dividend. This is an increase 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 (DPR) is presently 26.44%.

Analysts Set New Price Targets

GS has been the topic of several analyst reports. Hsbc Global Res lowered The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a 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 report on Monday, July 14th. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a report on Thursday, July 17th. Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Citigroup raised their price objective on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a report on Monday, July 21st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $660.00.

Insider Buying and Selling at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 6,008 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the sale, the executive vice president owned 65,761 shares in the company, valued at approximately $47,176,283.79. The trade was a 8.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of the business'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 sale, the chief financial officer owned 18,594 shares in the company, valued at $13,469,493.60. This represents a 28.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,079 shares of company stock worth $14,423,221 over the last quarter. 0.55% of the stock is currently owned by company insiders.

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.