Sienna Gestion Sells 504 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Sienna Gestion reduced its holdings in The Goldman Sachs Group by 6.1%, selling 504 shares and now holding a total of 7,725 shares valued at $4,102,000.
• The Goldman Sachs Group reported a quarterly EPS of $10.91, exceeding analyst expectations of $9.82, with revenue of $14.58 billion compared to estimates of $13.53 billion.
• The company announced an increase in its quarterly dividend from $3.00 to $4.00 per share, marking an annualized dividend of $16.00 and a yield of 2.1%.

Sienna Gestion lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,725 shares of the investment management company's stock after selling 504 shares during the period. Sienna Gestion's holdings in The Goldman Sachs Group were worth $4,102,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after acquiring an additional 3,970,467 shares during the period. Northern Trust Corp increased its position in The Goldman Sachs Group by 15.0% during the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock worth $1,885,454,000 after buying an additional 428,502 shares during the period. International Assets Investment Management LLC bought a new position in The Goldman Sachs Group during the 1st quarter worth $1,766,238,000. Dimensional Fund Advisors LP increased its position in The Goldman Sachs Group by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,126,762 shares of the investment management company's stock worth $1,217,844,000 after buying an additional 20,322 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in The Goldman Sachs Group by 15.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,963,836 shares of the investment management company's stock worth $1,124,532,000 after buying an additional 256,204 shares during the period. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded down $9.67 during mid-day trading on Tuesday, reaching $721.29. 929,886 shares of the company's stock were exchanged, compared to its average volume of 2,543,385. The business's fifty day simple moving average is $697.14 and its 200 day simple moving average is $618.14. The firm has a market capitalization of $218.35 billion, a PE ratio of 15.88, a P/E/G ratio of 1.55 and a beta of 1.38. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $749.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57.

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 EPS for the quarter, topping analysts' consensus estimates 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% compared to the same quarter last year. During the same period last year, the company posted $8.62 earnings per share. On average, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date is Friday, August 29th. 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 dividend yield of 2.2%. The Goldman Sachs Group's dividend payout ratio is presently 26.44%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 6,008 shares of the business's stock in a transaction 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 sale, the executive vice president directly 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 transaction 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 business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,079 shares of company stock worth $14,423,221 over the last ninety days. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GS shares. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. HSBC reaffirmed a "reduce" rating and issued a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. JMP Securities reiterated a "market perform" rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, Zacks Research upgraded The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $660.00.

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.