Loudon Investment Management LLC Acquires New Shares in The Goldman Sachs Group, Inc. $GS

Key Points

• Loudon Investment Management LLC acquired a new stake in The Goldman Sachs Group, purchasing 484 shares valued at approximately $343,000 during the second quarter.
• Significant increases in holdings were noted, with Kingstone Capital Partners growing its stake by 617,504.5% to over $20 billion in value, while various other institutions also adjusted their positions in the company.
• The Goldman Sachs Group announced a quarterly dividend of $4.00 per share, up from the previous $3.00, reflecting a dividend yield of 2.0% and a payout ratio of 35.26%.

Loudon Investment Management LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 484 shares of the investment management company's stock, valued at approximately $343,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC grew its holdings in shares of The Goldman Sachs Group by 617,504.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company's stock valued at $20,566,005,000 after purchasing an additional 29,053,586 shares during the last quarter. Northern Trust Corp lifted its stake in The Goldman Sachs Group by 1.2% in the 1st quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company's stock valued at $1,820,677,000 after purchasing an additional 40,125 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group in the first quarter valued at approximately $1,766,238,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in The Goldman Sachs Group by 6.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company's stock valued at $1,138,527,000 after buying an additional 120,272 shares in the last quarter. Finally, Amundi grew its stake in shares of The Goldman Sachs Group by 13.6% during the first quarter. Amundi now owns 1,891,260 shares of the investment management company's stock worth $967,193,000 after buying an additional 225,993 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on GS. Morgan Stanley increased their price target on The Goldman Sachs Group from $706.00 to $854.00 and gave the company an "equal weight" rating in a research note on Monday. Citigroup increased their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, Hsbc Global Res lowered shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $690.27.

The Goldman Sachs Group Trading Down 1.0%

Shares of GS stock opened at $796.20 on Wednesday. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25. 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 stock has a market cap of $241.02 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.67 and a beta of 1.41. The stock has a 50-day moving average of $751.18 and a 200-day moving average of $650.88.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate of $9.82 by $1.09. The business had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The firm's revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $8.62 earnings per share. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date was Friday, August 29th. The Goldman Sachs Group's dividend payout ratio is currently 35.26%.

Insider Activity

In other news, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 65,761 shares of the company's stock, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John E. Waldron sold 9,244 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at $86,463,679.48. This represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock worth $28,111,828 over the last ninety days. Corporate insiders own 0.55% of the company's stock.

About The Goldman Sachs Group

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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