LSV Asset Management Has $288.59 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• LSV Asset Management reduced its holdings in The Goldman Sachs Group by 2.9%, owning 528,280 shares worth $288.59 million as of their latest filing.
• The stock's consensus rating is currently a "Hold", with an average price target of $660.00, despite recent analyst upgrades and downgrades.
• The Goldman Sachs Group announced a quarterly dividend increase from $3.00 to $4.00, resulting in an annual yield of 2.3%.

LSV Asset Management decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 528,280 shares of the investment management company's stock after selling 15,769 shares during the period. LSV Asset Management owned approximately 0.17% of The Goldman Sachs Group worth $288,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirabaud & Cie SA acquired a new position in The Goldman Sachs Group in the 1st quarter worth $2,584,000. Helium Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 4.7% during the 1st quarter. Helium Advisors LLC now owns 465 shares of the investment management company's stock worth $254,000 after buying an additional 21 shares during the last quarter. Blueshift Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 161.8% during the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company's stock worth $576,000 after buying an additional 652 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of The Goldman Sachs Group by 38.7% during the 1st quarter. Moors & Cabot Inc. now owns 4,208 shares of the investment management company's stock worth $2,299,000 after buying an additional 1,174 shares during the last quarter. Finally, Bank of Jackson Hole Trust boosted its stake in shares of The Goldman Sachs Group by 121.7% during the 1st quarter. Bank of Jackson Hole Trust now owns 634 shares of the investment management company's stock worth $346,000 after buying an additional 348 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded down $14.19 during trading hours on Friday, hitting $709.40. The company had a trading volume of 2,997,787 shares, compared to its average volume of 2,165,566. The firm has a 50-day moving average of $669.82 and a 200 day moving average of $610.88. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $737.88. The firm has a market cap of $217.67 billion, a PE ratio of 15.63, a PEG ratio of 1.51 and a beta of 1.38. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.12 and a quick ratio of 0.68.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same quarter in the prior year, the business posted $8.62 EPS. The business's revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $4.00 per share. The ex-dividend date is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.3%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio (DPR) is 26.44%.

Analyst Ratings Changes

GS has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. HSBC restated a "reduce" rating and set a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Citigroup increased their price objective on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Keefe, Bruyette & Woods upped their target price on shares of 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. 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $660.00.

Insider Buying and Selling

In related news, EVP John F.W. Rogers sold 6,008 shares of the 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 sale, the executive vice president owned 65,761 shares in the company, 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, CEO David M. Solomon sold 6,608 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the sale, the chief executive officer owned 126,176 shares in the company, valued at $89,876,426.56. This represents a 4.98% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,079 shares of company stock worth $14,423,221. 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.