The Goldman Sachs Group, Inc. $GS Shares Sold by Silverleafe Capital Partners LLC

Key Points

• Silverleafe Capital Partners LLC reduced its holdings in The Goldman Sachs Group by 91.4% during the 2nd quarter, now owning only 577 shares valued at $408,000.
• Goldman Sachs recently announced a quarterly dividend increase from $3.00 to $4.00, representing a yield of 2.0%.
• The stock is being positively rated by several research firms, with Keefe, Bruyette & Woods raising the price target to $790.00 and Zacks upgrading it to a "strong-buy" rating.

Silverleafe Capital Partners LLC decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 91.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 577 shares of the investment management company's stock after selling 6,166 shares during the period. Silverleafe Capital Partners LLC's holdings in The Goldman Sachs Group were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GS. Clal Insurance Enterprises Holdings Ltd purchased a new stake in The Goldman Sachs Group during the 1st quarter worth about $25,000. American Capital Advisory LLC acquired a new stake in The Goldman Sachs Group in the first quarter valued at approximately $29,000. Godsey & Gibb Inc. lifted its stake in The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after acquiring an additional 34 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $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 worth $35,000 after purchasing an additional 49 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GS. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research note on Thursday, July 17th. Zacks Research upgraded The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. HSBC reiterated a "reduce" rating and issued a $627.00 price target (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Finally, JMP Securities restated a "market perform" rating and set a $600.00 price objective on shares of The Goldman Sachs Group in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $660.00.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $780.87 on Monday. The stock has a market cap of $236.38 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.64 and a beta of 1.41. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $793.17. The stock has a 50 day moving average of $728.85 and a two-hundred day moving average of $631.75. 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 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 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 business had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same period last year, the firm posted $8.62 earnings per share. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. On average, 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 paid a $4.00 dividend. This is a boost 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 presently 35.26%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the transaction, the chief executive officer owned 126,176 shares in the company, valued at $89,876,426.56. The trade was a 4.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 sale, the executive vice president directly owned 65,761 shares of the company's stock, valued at $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,323 shares of company stock valued at $28,111,828 over the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

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.

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