Monument Capital Management Buys New Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Monument Capital Management acquired a new position in The Goldman Sachs Group, purchasing 711 shares valued at approximately $503,000.
• Significant changes in ownership include a staggering 617,504.5% increase in holdings by Kingstone Capital Partners and multiple other large investors adding substantial stakes in the company.
• The Goldman Sachs Group recently increased its quarterly dividend from $3.00 to $4.00 per share, marking an annual yield of 2.1% based on the new payout.

Monument Capital Management purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 711 shares of the investment management company's stock, valued at approximately $503,000.

Several other large investors also recently bought and sold shares of GS. Kingstone Capital Partners Texas LLC grew its holdings in The Goldman Sachs Group by 617,504.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company's stock valued at $20,566,005,000 after purchasing an additional 29,053,586 shares in the last quarter. International Assets Investment Management LLC purchased a new position in The Goldman Sachs Group in the 1st quarter valued at about $1,766,238,000. Nuveen LLC acquired a new stake in shares of The Goldman Sachs Group during the first quarter valued at about $897,185,000. Assenagon Asset Management S.A. increased its position in shares of The Goldman Sachs Group by 102.6% during the first quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company's stock worth $8,065,000 after acquiring an additional 585,084 shares during the last quarter. Finally, Ninety One UK Ltd acquired a new position in shares of The Goldman Sachs Group in the second quarter worth about $408,780,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the 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 of the company's stock, valued at $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO John E. Waldron sold 9,244 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the sale, the chief operating officer directly owned 115,268 shares in the company, valued at $86,463,679.48. This represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Up 0.4%

NYSE GS opened at $779.60 on Friday. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25. The company has a 50-day simple moving average of $759.68 and a 200-day simple moving average of $661.09. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $236.00 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.47 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data 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 Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The business had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the prior year, the firm earned $8.62 EPS. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. On average, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a dividend of $4.00 per share. The ex-dividend date was Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is presently 35.26%.

Analyst Ratings Changes

GS has been the subject of a number of recent analyst reports. Zacks Research lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 16th. UBS Group increased their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a "neutral" rating in a research note on Tuesday. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. JMP Securities reaffirmed a "market perform" rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of 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. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $727.31.

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.

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