MGO One Seven LLC Boosts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

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MGO One Seven LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 26.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,619 shares of the investment management company's stock after acquiring an additional 2,001 shares during the quarter. MGO One Seven LLC's holdings in The Goldman Sachs Group were worth $5,255,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Lyell Wealth Management LP grew its stake in shares of The Goldman Sachs Group by 27.0% during the first quarter. Lyell Wealth Management LP now owns 687 shares of the investment management company's stock worth $375,000 after acquiring an additional 146 shares during the last quarter. RVW Wealth LLC increased its stake in The Goldman Sachs Group by 5.6% during the 1st quarter. RVW Wealth LLC now owns 1,246 shares of the investment management company's stock valued at $681,000 after purchasing an additional 66 shares in the last quarter. Davis R M Inc. raised its holdings in shares of The Goldman Sachs Group by 121.9% in the first quarter. Davis R M Inc. now owns 39,940 shares of the investment management company's stock worth $21,819,000 after buying an additional 21,944 shares during the last quarter. NorthRock Partners LLC grew its holdings in shares of The Goldman Sachs Group by 5.6% during the first quarter. NorthRock Partners LLC now owns 2,083 shares of the investment management company's stock valued at $1,138,000 after buying an additional 111 shares during the last quarter. Finally, Modera Wealth Management LLC raised its stake in The Goldman Sachs Group by 0.7% in the 1st quarter. Modera Wealth Management LLC now owns 4,202 shares of the investment management company's stock worth $2,295,000 after acquiring an additional 30 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GS has been the subject of several research analyst reports. Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Citigroup upped their price objective on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research report on Friday, April 4th. Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Finally, HSBC reiterated a "reduce" rating and set a $627.00 price target (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $660.00.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group 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 transaction, the executive vice president directly owned 65,761 shares of the company's stock, valued at $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 7,463 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the transaction, the chief financial officer owned 18,594 shares in the company, 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 90 days, insiders sold 20,079 shares of company stock valued at $14,423,221. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

Shares of GS traded down $14.19 during trading hours on Friday, hitting $709.40. 2,997,787 shares of the stock were exchanged, compared to its average volume of 2,015,611. The stock's 50-day moving average price is $669.82 and its two-hundred day moving average price is $610.89. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.68 and a current ratio of 1.12. The company has a market cap of $217.67 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.51 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $737.88.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating 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 business had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. During the same period in the prior year, the business earned $8.62 earnings per share. The company's quarterly revenue was up 14.5% compared to the same quarter last year. Research 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 business 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 $4.00 dividend. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group's payout ratio is 26.44%.

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.