Monetary Management Group Inc. Purchases 630 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Monetary Management Group Inc. increased its stake in The Goldman Sachs Group, Inc. by 56.0% to own a total of 1,755 shares valued at approximately $959,000 as of the end of the reporting period.
• Insider trading activity has seen significant sales, with EVP John F.W. Rogers selling 6,008 shares for over $4.3 million and CFO Denis P. Coleman selling 7,463 shares for $5.4 million.
• The Goldman Sachs Group has recently increased its quarterly dividend from $3.00 to $4.00 per share, reflecting a positive adjustment in its annualized dividend yield to 2.2%.

Monetary Management Group Inc. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 56.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,755 shares of the investment management company's stock after acquiring an additional 630 shares during the period. Monetary Management Group Inc.'s holdings in The Goldman Sachs Group were worth $959,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. Clal Insurance Enterprises Holdings Ltd bought a new position in The Goldman Sachs Group during the first quarter valued at about $25,000. American Capital Advisory LLC bought a new position in The Goldman Sachs Group during the first quarter valued at about $29,000. Godsey & Gibb Inc. increased its stake in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after acquiring an additional 34 shares during the period. Mascagni Wealth Management Inc. bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $31,000. Finally, Lowe Wealth Advisors LLC increased its stake in The Goldman Sachs Group by 326.7% during the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock valued at $35,000 after acquiring an additional 49 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on GS. Morgan Stanley boosted their price target on The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research note on Thursday, July 17th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Wells Fargo & Company upped their price objective on The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus target price of $660.00.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 7,463 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the sale, the chief financial officer owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. This trade represents a 28.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the firm's stock in a transaction on 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 sale, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,079 shares of company stock valued at $14,423,221. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Up 3.6%

NYSE:GS traded up $25.8940 during trading hours on Friday, hitting $741.8440. 1,948,403 shares of the stock were exchanged, compared to its average volume of 1,761,464. The company's 50 day moving average is $705.56 and its two-hundred day moving average is $620.45. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $749.05. 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 company has a market capitalization of $224.57 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating analysts' consensus estimates of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $8.62 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a $4.00 dividend. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.2%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 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.