Semus Wealth Partners LLC Raises Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Semus Wealth Partners LLC raised its stake in The Goldman Sachs Group by 21.0% in Q1, now holding 2,672 shares valued at approximately $1.46 million.
• Recent insider activity included EVP John F.W. Rogers and CFO Denis P. Coleman selling 6,008 and 7,463 shares respectively, each reporting notable decreases in their holdings.
• The Goldman Sachs Group raised its quarterly dividend from $3.00 to $4.00 per share, which translates to an annualized yield of 2.20%.

Semus Wealth Partners LLC increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 21.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,672 shares of the investment management company's stock after purchasing an additional 463 shares during the quarter. The Goldman Sachs Group makes up 1.0% of Semus Wealth Partners LLC's holdings, making the stock its 25th largest position. Semus Wealth Partners LLC's holdings in The Goldman Sachs Group were worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in GS. Mascagni Wealth Management Inc. acquired a new position in The Goldman Sachs Group in the 4th quarter worth approximately $31,000. American Capital Advisory LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter worth $29,000. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth $31,000. Godsey & Gibb Inc. raised its holdings in shares of 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 worth $30,000 after purchasing an additional 34 shares during the last quarter. Finally, Lowe Wealth Advisors LLC lifted 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 purchasing an additional 49 shares during the period. Institutional investors own 71.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GS. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. 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. Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Citizens Jmp reaffirmed a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Finally, HSBC reissued a "reduce" rating and set a $627.00 price target (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $660.00.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the company's 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Solomon sold 6,608 shares of the company's 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,079 shares of company stock worth $14,423,221 in the last three months. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Price Performance

Shares of GS traded up $1.74 during trading hours on Wednesday, hitting $733.72. 659,014 shares of the stock were exchanged, compared to its average volume of 2,617,073. 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 12-month low of $437.37 and a 12-month high of $737.88. The company has a market cap of $225.13 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. The stock's 50-day moving average price is $662.35 and its two-hundred day moving average price is $607.95.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The firm's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $8.62 EPS. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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. Shareholders of record on Friday, August 29th will be issued 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 annualized dividend and a yield of 2.18%. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio is presently 26.44%.

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.