Nicholas Wealth LLC. Purchases 1,482 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Nicholas Wealth LLC increased its holdings in The Goldman Sachs Group by 318.7% during the first quarter, acquiring an additional 1,482 shares, making their total holdings worth approximately $1.06 million.
• The Goldman Sachs Group reported $10.91 EPS for the most recent quarter, exceeding estimates by $1.09, with quarterly revenue of $14.58 billion, reflecting a year-over-year increase of 14.5%.
• The company announced a quarterly dividend increase to $4.00 per share, up from $3.00, which represents an annual yield of 2.20% and will be paid on September 29th.

Nicholas Wealth LLC. grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 318.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,947 shares of the investment management company's stock after purchasing an additional 1,482 shares during the period. Nicholas Wealth LLC.'s holdings in The Goldman Sachs Group were worth $1,064,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GS. Cetera Investment Advisers raised its holdings in The Goldman Sachs Group by 8.1% during the 1st quarter. Cetera Investment Advisers now owns 84,520 shares of the investment management company's stock worth $46,172,000 after purchasing an additional 6,327 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in The Goldman Sachs Group by 7.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 23,458 shares of the investment management company's stock worth $12,815,000 after purchasing an additional 1,635 shares during the last quarter. Brookwood Investment Group LLC bought a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at about $1,088,000. Atria Investments Inc increased its stake in shares of The Goldman Sachs Group by 5.5% in the 1st quarter. Atria Investments Inc now owns 25,270 shares of the investment management company's stock valued at $13,805,000 after acquiring an additional 1,323 shares during the last quarter. Finally, One Wealth Advisors LLC increased its stake in shares of The Goldman Sachs Group by 66.4% in the 1st quarter. One Wealth Advisors LLC now owns 1,098 shares of the investment management company's stock valued at $600,000 after acquiring an additional 438 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group 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 in the company, valued at $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,079 shares of company stock worth $14,423,221. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded down $4.93 during trading hours on Monday, reaching $724.05. 491,320 shares of the stock traded hands, compared to its average volume of 2,627,624. The company has a market capitalization of $222.17 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 2.26. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $732.52. The company's 50-day simple moving average is $657.60 and its two-hundred day simple moving average is $605.94.

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 (EPS) for the quarter, topping the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The business had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same period last year, the company earned $8.62 EPS. The Goldman Sachs Group's revenue for the quarter was up 14.5% compared to the same quarter last year. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be given a $4.00 dividend. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 26.44%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GS shares. Keefe, Bruyette & Woods upped their price target 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. Hsbc Global Res cut The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. lowered their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Finally, Barclays decreased their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $660.00.

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.