Pure Financial Advisors LLC Buys 509 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Pure Financial Advisors LLC increased its stake in The Goldman Sachs Group by 68.3%, acquiring an additional 509 shares, bringing its total holdings to 1,254 shares valued at $887,000.
• The Goldman Sachs Group reported a quarterly EPS of $10.91, exceeding estimates by $1.09, and revenue of $14.58 billion, up 14.5% year-over-year.
• The firm recently raised its quarterly dividend from $3.00 to $4.00, resulting in an annualized dividend of $16.00 and a yield of 2.1%.

Pure Financial Advisors LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 68.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,254 shares of the investment management company's stock after acquiring an additional 509 shares during the period. Pure Financial Advisors LLC's holdings in The Goldman Sachs Group were worth $887,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd bought a new position in The Goldman Sachs Group in the 1st quarter worth approximately $25,000. Dogwood Wealth Management LLC increased its position in The Goldman Sachs Group by 1,800.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company's stock worth $26,000 after buying an additional 36 shares during the period. American Capital Advisory LLC bought a new position in The Goldman Sachs Group in the 1st quarter worth approximately $29,000. Godsey & Gibb Inc. increased its position in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after buying an additional 34 shares during the period. Finally, Cornerstone Planning Group LLC increased its position in The Goldman Sachs Group by 46.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock worth $38,000 after buying an additional 23 shares during the period. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $779.53 on Friday. The stock's fifty day simple moving average is $753.82 and its 200 day simple moving average is $653.41. 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 firm has a market cap of $235.98 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.63 and a beta of 1.42. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate of $9.82 by $1.09. The business 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 Goldman Sachs Group's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.62 EPS. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were given a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio is presently 35.26%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group 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 completion of the transaction, the executive vice president owned 65,761 shares in the company, valued at approximately $47,176,283.79. The trade was a 8.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction 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 completion of the transaction, the chief executive officer owned 126,176 shares of the company's stock, valued at approximately $89,876,426.56. The trade was a 4.98% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup lifted their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods lifted their price target on The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a "market perform" rating in a research report on Thursday, July 17th. Evercore ISI lifted their price objective on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an "outperform" rating in a report on Tuesday. Royal Bank Of Canada lifted their price objective on The Goldman Sachs Group from $750.00 to $843.00 and gave the stock a "sector perform" rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a "hold" rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $709.13.

About The Goldman Sachs Group

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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