MFA Wealth Advisors LLC Increases Position in The Goldman Sachs Group, Inc. $GS

Key Points

• MFA Wealth Advisors LLC increased its stake in The Goldman Sachs Group, Inc. by 134.3% during the second quarter, owning a total of 8,553 shares valued at $6,054,000.
• The Goldman Sachs Group recently announced a quarterly dividend of $4.00 per share, which represents an annualized yield of 2.0%, up from the previous dividend of $3.00.
• The company reported a $10.91 EPS for the last quarter, surpassing analysts' expectations, and recorded a 14.5% year-over-year increase in revenue.

MFA Wealth Advisors LLC increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 134.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,553 shares of the investment management company's stock after purchasing an additional 4,903 shares during the quarter. The Goldman Sachs Group makes up 1.4% of MFA Wealth Advisors LLC's holdings, making the stock its 21st largest position. MFA Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $6,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in GS. Brighton Jones LLC lifted its position in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after buying an additional 508 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after acquiring an additional 58 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $583,000. Two Sigma Investments LP grew its holdings 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 worth $3,729,000 after purchasing an additional 280 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $383,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 0.0%

Shares of GS opened at $805.20 on Tuesday. The company has a market capitalization of $243.75 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.68 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 $809.66. The stock's 50-day moving average price is $739.87 and its 200-day moving average price is $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 announced its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the previous year, the company posted $8.62 earnings per share. The Goldman Sachs Group's revenue for the quarter was up 14.5% on a year-over-year basis. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS 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 issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group's payout ratio is currently 35.26%.

Insider Activity

In other news, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction dated 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 directly owned 65,761 shares of the company's stock, valued at $47,176,283.79. This represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction dated 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 approximately $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 a total of 38,323 shares of company stock worth $28,111,828 in the last ninety days. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Hsbc Global Res downgraded The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a research report on Thursday, July 10th. HSBC restated a "reduce" rating and set a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Finally, Zacks Research downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 16th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $665.00.

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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