The Goldman Sachs Group, Inc. $GS Shares Bought by CreativeOne Wealth LLC

Key Points

• CreativeOne Wealth LLC increased its stake in The Goldman Sachs Group by 30.5%, now owning approximately 6,939 shares valued at $3.79 million.
• The latest earnings report indicated that The Goldman Sachs Group achieved an EPS of $10.91, exceeding analyst expectations, with revenues up to $14.58 billion.
• The company announced an increase in its quarterly dividend from $3.00 to $4.00, reflecting a yield of 2.1% for shareholders.

CreativeOne Wealth LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 30.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,939 shares of the investment management company's stock after purchasing an additional 1,623 shares during the period. CreativeOne Wealth LLC's holdings in The Goldman Sachs Group were worth $3,791,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock worth $1,989,000 after buying an additional 508 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after purchasing an additional 58 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new stake in The Goldman Sachs Group in the 4th quarter valued at about $583,000. Highview Capital Management LLC DE increased its position in The Goldman Sachs Group by 4.7% in the 4th quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock valued at $2,186,000 after acquiring an additional 171 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of The Goldman Sachs Group by 471.4% in the fourth quarter. AQR Capital Management LLC now owns 219,459 shares of the investment management company's stock valued at $125,667,000 after buying an additional 181,053 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Trading Up 0.1%

Shares of NYSE:GS opened at $749.87 on Thursday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $753.00. The stock has a market cap of $227.00 billion, a PE ratio of 16.52, a P/E/G ratio of 1.59 and a beta of 1.38. 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 business has a 50 day moving average of $712.55 and a 200-day moving average of $622.80.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The firm had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. During the same quarter in the previous year, the firm posted $8.62 earnings per share. The company's revenue was up 14.5% on a year-over-year basis. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed 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 represents a $16.00 dividend on an annualized basis and a yield of 2.1%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio is currently 26.44%.

Insider Activity

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction on Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the transaction, the chief financial officer directly owned 18,594 shares of the company's stock, valued at $13,469,493.60. This trade represents a 28.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the sale, the chief executive officer owned 126,176 shares of the company's stock, valued at $89,876,426.56. The trade was a 4.98% decrease in their position. 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 90 days. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GS shares. Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a "market perform" rating in a research note on Thursday, July 17th. 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 research report on Tuesday, July 8th. Hsbc Global Res lowered The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Citigroup boosted their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the company an "outperform" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average 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.

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