The Goldman Sachs Group, Inc. $GS Stake Raised by Ethic Inc.

Key Points

• Ethic Inc. has increased its stake in The Goldman Sachs Group by 5.1%, now owning 48,156 shares valued at approximately $33.27 million.
• The Goldman Sachs Group's stock traded at $758.21 with a market cap of $229.53 billion, and reported a 19.5% year-over-year revenue increase for the recent quarter.
• The company also announced a quarterly dividend of $4.00 per share, resulting in an annualized yield of 2.1%, payable on December 30.

Ethic Inc. boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,156 shares of the investment management company's stock after acquiring an additional 2,344 shares during the quarter. The Goldman Sachs Group accounts for about 0.6% of Ethic Inc.'s investment portfolio, making the stock its 17th largest holding. Ethic Inc.'s holdings in The Goldman Sachs Group were worth $33,267,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd purchased a new stake in The Goldman Sachs Group in the 1st quarter worth approximately $25,000. Dogwood Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company's stock worth $26,000 after acquiring an additional 36 shares in the last quarter. American Capital Advisory LLC acquired a new stake in The Goldman Sachs Group during the first quarter valued at $29,000. Cornerstone Planning Group LLC increased its position in The Goldman Sachs Group by 46.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock worth $38,000 after purchasing an additional 23 shares during the last quarter. Finally, Ridgewood Investments LLC increased its position in The Goldman Sachs Group by 45.9% in the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock worth $38,000 after purchasing an additional 17 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Down 0.1%

GS opened at $758.21 on Wednesday. The firm has a market cap of $229.53 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.41 and a beta of 1.42. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The firm's 50-day simple moving average is $766.45 and its 200-day simple moving average is $674.16.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping analysts' consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the previous year, the firm earned $8.40 earnings per share. The business's revenue was up 19.5% on a year-over-year basis. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 32.50%.

Insider Transactions at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 7,463 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer owned 18,594 shares of the company's stock, valued at $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO John E. Waldron sold 9,244 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer owned 115,268 shares of the company's stock, valued at $86,463,679.48. This trade represents a 7.42% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,707 shares of company stock valued at $19,094,804. Insiders own 0.55% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on GS shares. Evercore ISI increased their price objective on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an "outperform" rating in a report on Tuesday, September 30th. Keefe, Bruyette & Woods increased their price objective on The Goldman Sachs Group from $850.00 to $870.00 and gave the company a "market perform" rating in a research report on Friday, October 17th. Citigroup raised their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a "neutral" rating in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a "hold" rating in a research note on Tuesday, September 30th. Finally, Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Three analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and an average target price of $779.50.

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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