Olistico Wealth LLC Increases Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Olistico Wealth LLC increased its holdings in The Goldman Sachs Group by 33.1% to a total of 1,480 shares, valued at approximately $1,048,000.
• Recent analyst ratings include a price target increase by Citigroup from $550 to $700 and a new target set by BMO Capital Markets at $785.
• The Goldman Sachs Group recently declared an increased quarterly dividend of $4.00 per share, up from $3.00, representing an annualized yield of 2.0%.

Olistico Wealth LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 33.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,480 shares of the investment management company's stock after purchasing an additional 368 shares during the quarter. Olistico Wealth LLC's holdings in The Goldman Sachs Group were worth $1,048,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GS. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of The Goldman Sachs Group in the first quarter worth about $25,000. Dogwood Wealth Management LLC raised its position in The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company's stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. American Capital Advisory LLC purchased a new position in The Goldman Sachs Group during the first quarter valued at approximately $29,000. Godsey & Gibb Inc. raised its position 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 in the last quarter. Finally, Cornerstone Planning Group LLC raised its position in The Goldman Sachs Group by 46.9% during the first quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock valued at $38,000 after acquiring an additional 23 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GS has been the subject of several recent research reports. BMO Capital Markets initiated coverage on The Goldman Sachs Group in a research report on Friday. They set a "market perform" rating and a $785.00 price target for the company. Hsbc Global Res cut The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Citigroup lifted their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Zacks Research cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 16th. Finally, Evercore ISI lifted their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an "outperform" rating in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $717.00.

The Goldman Sachs Group Stock Up 1.4%

The Goldman Sachs Group stock opened at $790.32 on Friday. The stock has a market capitalization of $239.25 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.64 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 business has a 50 day simple moving average of $755.05 and a 200-day simple moving average of $655.73. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The business's revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $8.62 earnings per share. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were paid a $4.00 dividend. This is a boost 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 2.0%. The ex-dividend date of this dividend was Friday, August 29th. The Goldman Sachs Group's dividend payout ratio is presently 35.26%.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction that occurred on 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 sale, the chief financial officer directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John F.W. Rogers sold 6,008 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 $717.39, for a total value of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,323 shares of company stock valued at $28,111,828. 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.

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