Raiffeisen Bank International AG Sells 1,252 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Raiffeisen Bank International AG reduced its stake in The Goldman Sachs Group by 32.2%, now holding 2,632 shares valued at approximately $1.43 million.
• Analysts have mixed views on the stock, with Morgan Stanley raising its price target to $715, while Barclays cut its target to $720.
• The Goldman Sachs Group announced a quarterly dividend increase to $4.00 per share, up from the previous $3.00, reflecting a strong commitment to shareholder returns.

Raiffeisen Bank International AG cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 32.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,632 shares of the investment management company's stock after selling 1,252 shares during the quarter. Raiffeisen Bank International AG's holdings in The Goldman Sachs Group were worth $1,430,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. American Capital Advisory LLC acquired a new position in The Goldman Sachs Group during the first quarter worth about $29,000. Godsey & Gibb Inc. grew its holdings in shares of The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares during the last quarter. Transce3nd LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Mascagni Wealth Management Inc. bought a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $31,000. Finally, Lowe Wealth Advisors LLC boosted its position in The Goldman Sachs Group by 326.7% in 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 in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 6,008 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were 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 owned 65,761 shares of the company's stock, valued at approximately $47,176,283.79. This represents a 8.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the transaction, the chief financial officer owned 18,594 shares in the company, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 20,079 shares of company stock worth $14,423,221. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded down $4.41 during midday trading on Thursday, hitting $720.33. 1,399,575 shares of the company's stock were exchanged, compared to its average volume of 2,039,580. The company has a current ratio of 0.67, a quick ratio of 0.68 and a debt-to-equity ratio of 2.57. The business's fifty day moving average price is $676.78 and its two-hundred day moving average price is $613.11. The company has a market cap of $218.06 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.54 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $737.88.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The business had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The business's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.62 EPS. As a group, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, August 29th. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 26.44%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GS shares. JMP Securities restated a "market perform" rating and set a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Wells Fargo & Company boosted their target price 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. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group 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.