One Wealth Advisors LLC Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

One Wealth Advisors LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 66.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,098 shares of the investment management company's stock after buying an additional 438 shares during the period. One Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $600,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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. grew 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 buying an additional 34 shares during the period. Transce3nd LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at about $31,000. 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 grew its position 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 buying an additional 49 shares during the period. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GS. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays cut their target price on shares of 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. 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, Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $660.00.

Insider Activity at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the sale, the chief executive officer directly owned 126,176 shares of the company's stock, valued at $89,876,426.56. This trade represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $4,310,079.12. Following the transaction, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,079 shares of company stock valued at $14,423,221 over the last three months. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Price Performance

GS traded up $9.45 on Friday, reaching $728.63. The company had a trading volume of 1,850,923 shares, compared to its average volume of 2,301,066. The business has a 50 day simple moving average of $657.60 and a 200 day simple moving average of $605.58. The company has a market cap of $223.57 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.53 and a beta of 1.35. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.68 and a current ratio of 1.12. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $729.89.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its 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 business had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The Goldman Sachs Group's quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $8.62 earnings per share. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors 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. This represents a $16.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 35.26%.

The Goldman Sachs Group 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.