The Goldman Sachs Group, Inc. $GS Shares Acquired by Uncommon Cents Investing LLC

Key Points

• Uncommon Cents Investing LLC increased its stake in The Goldman Sachs Group, Inc. by 31%, owning 2,410 shares valued at approximately $1.7 million.
• The Goldman Sachs Group recently reported earnings of $10.91 per share, surpassing estimates, with a revenue of $14.58 billion for the quarter, representing a 14.5% year-over-year increase.
• The company has increased its quarterly dividend from $3.00 to $4.00 per share, with a dividend yield of 2.0% based on the annualized figure.

Uncommon Cents Investing LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 31.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,410 shares of the investment management company's stock after acquiring an additional 570 shares during the quarter. Uncommon Cents Investing LLC's holdings in The Goldman Sachs Group were worth $1,706,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GS. Clal Insurance Enterprises Holdings Ltd purchased a new stake in The Goldman Sachs Group in the 1st quarter worth approximately $25,000. Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $31,000. American Capital Advisory LLC bought a new position in The Goldman Sachs Group during the 1st quarter valued at about $29,000. Godsey & Gibb Inc. lifted its holdings in 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. Finally, Ridgewood Investments LLC increased its position in The Goldman Sachs Group by 45.9% in the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock valued at $38,000 after acquiring an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 1.0%

GS stock opened at $802.91 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. 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 firm has a market capitalization of $243.06 billion, a PE ratio of 17.69, a PEG ratio of 1.67 and a beta of 1.41. The stock has a 50-day simple moving average of $747.32 and a two-hundred day simple moving average of $647.18.

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 (EPS) for the quarter, topping the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The business had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. During the same period last year, the firm posted $8.62 earnings per share. The business's revenue for the quarter was up 14.5% on a year-over-year basis. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a dividend of $4.00 per share. 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 2.0%. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 35.26%.

Analyst Ratings Changes

A number of brokerages have weighed in on GS. Citizens Jmp reaffirmed a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Hsbc Global Res cut shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. JMP Securities reissued a "market perform" rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a report on Monday, July 14th. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Citigroup raised their price objective on shares of 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. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $665.00.

Insider Transactions at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction that occurred 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 owned 65,761 shares of the company's stock, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the chief executive officer directly owned 126,176 shares of the company's stock, valued at $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. In the last ninety days, insiders have sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is owned by insiders.

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.

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