Mirabaud & Cie SA Invests $2.58 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Mirabaud & Cie SA has acquired 4,731 shares of The Goldman Sachs Group, Inc. during the 1st quarter, valued at approximately $2.58 million, making it the 27th largest position in its portfolio.
• The Goldman Sachs Group recently reported earnings per share of $10.91, exceeding analysts' estimates and reflecting a 14.5% increase in quarterly revenue year-over-year.
• The company announced a quarterly dividend of $4.00, up from the previous $3.00, with a dividend yield of 2.3% and an increase in its dividend payout ratio to 26.44%.

Mirabaud & Cie SA acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,731 shares of the investment management company's stock, valued at approximately $2,584,000. The Goldman Sachs Group makes up about 0.9% of Mirabaud & Cie SA's portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. Brighton Jones LLC lifted its stake in shares of The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock worth $1,989,000 after acquiring an additional 508 shares during the period. Revolve Wealth Partners LLC grew its holdings in The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after buying an additional 58 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $583,000. Highview Capital Management LLC DE lifted its position in The Goldman Sachs Group by 4.7% during the fourth quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock worth $2,186,000 after buying an additional 171 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of The Goldman Sachs Group by 62.2% in the 4th quarter. Wellington Management Group LLP now owns 231,437 shares of the investment management company's stock valued at $132,525,000 after purchasing an additional 88,749 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded up $16.26 during midday trading on Monday, reaching $725.83. The company's stock had a trading volume of 1,753,263 shares, compared to its average volume of 2,165,566. 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 Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $737.88. The company has a market cap of $222.71 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.51 and a beta of 1.38. The business's 50 day moving average price is $669.82 and its two-hundred day moving average price is $610.88.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The firm's revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.62 earnings per share. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced 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 of this dividend is Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a dividend yield of 2.2%. The Goldman Sachs Group's payout ratio is presently 26.44%.

Analysts Set New Price Targets

Several analysts recently issued reports on GS shares. Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. HSBC restated a "reduce" rating and set a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Wells Fargo & Company increased their price target on 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. Finally, Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus price target of $660.00.

Insider Activity at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 7,463 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer owned 18,594 shares of the company's stock, valued at $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David M. Solomon sold 6,608 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the sale, the chief executive officer directly owned 126,176 shares in the company, valued at $89,876,426.56. The trade was a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,079 shares of company stock valued at $14,423,221 over the last 90 days. Insiders own 0.55% of the company's stock.

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.