The Goldman Sachs Group, Inc. $GS Shares Bought by Community Bank N.A.

Key Points

• Community Bank N.A. has increased its stake in The Goldman Sachs Group by 90.9%, holding a total of 1,193 shares valued at approximately $844,000.
• Insiders, including EVP John F.W. Rogers and COO John E. Waldron, have sold significant shares of Goldman Sachs, reducing their positions by 8.37% and 7.42%, respectively.
• The company declared a quarterly dividend of $4.00 per share, with a payout ratio of 35.26%, to be paid on December 30th.

Community Bank N.A. raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 90.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,193 shares of the investment management company's stock after acquiring an additional 568 shares during the quarter. Community Bank N.A.'s holdings in The Goldman Sachs Group were worth $844,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in The Goldman Sachs Group in the first quarter valued at approximately $25,000. Dogwood Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company's stock valued at $26,000 after acquiring an additional 36 shares during the period. American Capital Advisory LLC purchased a new stake in shares of The Goldman Sachs Group in the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC increased its position in shares of The Goldman Sachs Group by 46.9% in the first quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock valued at $38,000 after buying an additional 23 shares in the last quarter. Finally, Ridgewood Investments LLC increased its position in shares of The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock valued at $38,000 after buying an additional 17 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the transaction, the executive vice president owned 65,761 shares of the company's stock, valued at $47,176,283.79. This represents a 8.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John E. Waldron sold 9,244 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,323 shares of company stock worth $28,111,828. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Down 2.0%

Shares of GS opened at $771.44 on Wednesday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25. The stock has a market capitalization of $233.53 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.48 and a beta of 1.42. The stock has a 50 day moving average price of $763.05 and a 200 day moving average price of $666.12.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping analysts' consensus estimates of $10.27 by $1.98. The company had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.40 earnings per share. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 35.26%.

Analysts Set New Price Targets

A number of research firms have recently commented on GS. BMO Capital Markets began coverage on The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a "market perform" rating and a $785.00 price objective for the company. Citigroup boosted their price objective on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, HSBC boosted their price target on The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $746.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.