Ieq Capital LLC Has $201.26 Million Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Ieq Capital LLC reduced its stake in The Goldman Sachs Group by 12.1% during the first quarter, now holding 368,404 shares after selling 50,691 shares.
• The Goldman Sachs Group reported an earnings per share (EPS) of $10.91, surpassing estimates of $9.82, with quarterly revenue reaching $14.58 billion.
• The company has declared a $4.00 quarterly dividend, increasing from the previous $3.00, with a dividend yield of 2.1%.

Ieq Capital LLC cut its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 368,404 shares of the investment management company's stock after selling 50,691 shares during the quarter. The Goldman Sachs Group comprises about 1.6% of Ieq Capital LLC's portfolio, making the stock its 11th biggest holding. Ieq Capital LLC owned approximately 0.12% of The Goldman Sachs Group worth $201,255,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at $25,000. American Capital Advisory LLC bought a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at $29,000. Godsey & Gibb Inc. lifted its position in shares of 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 acquiring an additional 34 shares during the period. Mascagni Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $31,000. Finally, Lowe Wealth Advisors LLC lifted its position in shares of The Goldman Sachs Group by 326.7% during the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock valued at $35,000 after acquiring an additional 49 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction dated 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 represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David M. Solomon sold 6,608 shares of the stock in a transaction dated 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 approximately $89,876,426.56. The trade was a 4.98% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,323 shares of company stock worth $28,111,828. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

GS traded down $5.74 on Friday, reaching $745.48. The stock had a trading volume of 1,466,878 shares, compared to its average volume of 1,664,655. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $753.33. The firm has a 50-day moving average of $716.96 and a 200-day moving average of $624.17. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The company has a market capitalization of $225.67 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.38.

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, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $13.53 billion. During the same quarter in the prior year, the firm earned $8.62 EPS. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. The Goldman Sachs Group's payout ratio is currently 26.44%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GS shares. Hsbc Global Res downgraded The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Citizens Jmp reiterated 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. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently 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.