RWA Wealth Partners LLC Sells 532 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• RWA Wealth Partners LLC has reduced its holdings in The Goldman Sachs Group by 4.8%, owning 10,565 shares worth approximately $5.77 million after selling 532 shares in the first quarter.
• The Goldman Sachs Group reported a strong performance with earnings per share of $10.91, exceeding analysts' estimates of $9.82, and a quarterly revenue of $14.58 billion.
• The company has increased its quarterly dividend to $4.00 per share, up from the previous $3.00, reflecting a 2.2% yield for shareholders.

RWA Wealth Partners LLC reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,565 shares of the investment management company's stock after selling 532 shares during the period. RWA Wealth Partners LLC's holdings in The Goldman Sachs Group were worth $5,772,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GS. Korea Investment CORP increased its position in The Goldman Sachs Group by 9.0% in the first quarter. Korea Investment CORP now owns 252,023 shares of the investment management company's stock worth $137,678,000 after buying an additional 20,772 shares in the last quarter. Aptus Capital Advisors LLC raised its position in shares of The Goldman Sachs Group by 54.8% during the first quarter. Aptus Capital Advisors LLC now owns 12,157 shares of the investment management company's stock valued at $6,641,000 after buying an additional 4,305 shares during the last quarter. Granite Harbor Advisors Inc. bought a new stake in The Goldman Sachs Group in the 1st quarter valued at $207,000. Northern Trust Corp lifted its stake in The Goldman Sachs Group by 1.2% in the 1st quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company's stock worth $1,820,677,000 after purchasing an additional 40,125 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of The Goldman Sachs Group by 67.8% during the 1st quarter. Brooklyn Investment Group now owns 3,072 shares of the investment management company's stock valued at $1,678,000 after purchasing an additional 1,241 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Buying and Selling

In other news, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group 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 completion of the sale, the executive vice president directly owned 65,761 shares in the company, 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, CFO Denis P. Coleman sold 7,463 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the sale, the chief financial officer directly owned 18,594 shares of the company's stock, valued at $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,079 shares of company stock valued at $14,423,221. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the stock an "outperform" rating in a report on Thursday, July 10th. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. HSBC reaffirmed a "reduce" rating and set a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Zacks Research upgraded The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Finally, Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $660.00.

The Goldman Sachs Group Trading Up 3.6%

GS stock traded up $25.8940 during mid-day trading on Friday, reaching $741.8440. 1,948,403 shares of the stock traded hands, compared to its average volume of 1,756,604. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $749.05. The stock has a market capitalization of $224.57 billion, a PE ratio of 16.35, a PEG ratio of 1.52 and a beta of 1.38. 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 business has a 50-day moving average price of $705.56 and a two-hundred day moving average price of $620.87.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released 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 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 during the quarter, compared to analysts' expectations of $13.53 billion. During the same period in the previous year, the company earned $8.62 EPS. The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be issued a $4.00 dividend. The ex-dividend date 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 2.2%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 35.26%.

The Goldman Sachs Group 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.