Mutual Advisors LLC Has $6.06 Million Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Mutual Advisors LLC increased its holdings in The Goldman Sachs Group by 8.6%, now owning 8,313 shares valued at approximately $6.06 million.
• Goldman Sachs reported $12.25 EPS for the last quarter, surpassing estimates, while its revenue was $11.33 billion, below expectations of $13.68 billion.
• The company will distribute a quarterly dividend of $4.00 per share on December 30th, reflecting an annualized yield of 2.1%.

Mutual Advisors LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,313 shares of the investment management company's stock after acquiring an additional 656 shares during the quarter. Mutual Advisors LLC's holdings in The Goldman Sachs Group were worth $6,060,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Ritholtz Wealth Management increased its holdings in shares of The Goldman Sachs Group by 16.3% during the 2nd quarter. Ritholtz Wealth Management now owns 9,483 shares of the investment management company's stock worth $6,711,000 after acquiring an additional 1,329 shares during the last quarter. Private Wealth Asset Management LLC grew its holdings in The Goldman Sachs Group by 3.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,602 shares of the investment management company's stock valued at $1,134,000 after buying an additional 48 shares in the last quarter. Harbour Investments Inc. grew its holdings in The Goldman Sachs Group by 0.7% in the 2nd quarter. Harbour Investments Inc. now owns 4,536 shares of the investment management company's stock valued at $3,210,000 after buying an additional 30 shares in the last quarter. Cypress Wealth Services LLC grew its holdings in The Goldman Sachs Group by 18.8% in the 2nd quarter. Cypress Wealth Services LLC now owns 1,730 shares of the investment management company's stock valued at $1,225,000 after buying an additional 274 shares in the last quarter. Finally, Sagespring Wealth Partners LLC grew its holdings in The Goldman Sachs Group by 7.3% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 9,457 shares of the investment management company's stock valued at $6,693,000 after buying an additional 647 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO John E. Waldron sold 9,244 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Denis P. Coleman sold 7,463 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the transaction, the chief financial officer owned 18,594 shares of the company's stock, valued at $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock valued at $28,111,828 over the last three months. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $768.20 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $232.55 billion, a PE ratio of 15.60, a P/E/G ratio of 1.45 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25. The stock has a 50-day moving average price of $763.93 and a two-hundred day moving average price of $666.82.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $8.40 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group's dividend payout ratio (DPR) is 35.26%.

Analysts Set New Price Targets

GS has been the topic of a number of research reports. Daiwa Capital Markets upped their price objective on The Goldman Sachs Group from $756.00 to $810.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. Morgan Stanley reduced their price target on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a "hold" rating in a research report on Tuesday, September 30th. Evercore ISI lifted their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th. Finally, Barclays increased their target price on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an "overweight" rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $765.07.

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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