The Goldman Sachs Group, Inc. $GS Stock Holdings Decreased by AM Investment Strategies LLC

Key Points

• AM Investment Strategies LLC significantly reduced its stake in The Goldman Sachs Group by 58.4%, now holding 6,475 shares after selling 9,105 shares during the second quarter.
• CEO David M. Solomon and CFO Denis P. Coleman sold a combined 14,071 shares of the company's stock, indicating notable insider selling trends amid fluctuating positions.
• The Goldman Sachs Group announced a dividend increase from $3.00 to $4.00 per share, reflecting a 2.0% yield with a payout ratio of 35.26%.

AM Investment Strategies LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 58.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,475 shares of the investment management company's stock after selling 9,105 shares during the period. The Goldman Sachs Group comprises approximately 1.1% of AM Investment Strategies LLC's holdings, making the stock its 19th largest position. AM Investment Strategies LLC's holdings in The Goldman Sachs Group were worth $4,582,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Ridgewood Investments LLC increased its position in shares of The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock worth $38,000 after acquiring an additional 17 shares in the last quarter. Bank of Stockton boosted its holdings in shares of The Goldman Sachs Group by 0.7% during the second quarter. Bank of Stockton now owns 2,485 shares of the investment management company's stock worth $1,759,000 after purchasing an additional 17 shares during the period. King Wealth Management Group boosted its holdings in shares of The Goldman Sachs Group by 1.8% during the first quarter. King Wealth Management Group now owns 1,086 shares of the investment management company's stock worth $593,000 after purchasing an additional 19 shares during the period. Raab & Moskowitz Asset Management LLC boosted its holdings in shares of The Goldman Sachs Group by 0.9% during the first quarter. Raab & Moskowitz Asset Management LLC now owns 2,020 shares of the investment management company's stock worth $1,104,000 after purchasing an additional 19 shares during the period. Finally, Wynn Capital LLC lifted its stake in The Goldman Sachs Group by 0.3% in the first quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock valued at $3,211,000 after acquiring an additional 20 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the business's stock in a transaction on 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 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 sale was disclosed in a filing with the SEC, 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 completion of the sale, the chief financial officer directly owned 18,594 shares in the company, valued at $13,469,493.60. This trade represents a 28.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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 Trading Up 0.1%

Shares of GS stock opened at $806.62 on Wednesday. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. The firm's fifty day simple moving average is $741.95 and its 200 day simple moving average is $641.68. The firm has a market capitalization of $244.18 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.68 and a beta of 1.41. 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 quarter in the previous year, the firm posted $8.62 earnings per share. The Goldman Sachs Group's revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts predict 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. Shareholders of record on Friday, August 29th will be issued a $4.00 dividend. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group's payout ratio is presently 35.26%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the company an "outperform" rating in a research note on Thursday, July 10th. Hsbc Global Res cut shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods lifted their target price on shares of 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. JMP Securities reiterated a "market perform" rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Finally, Citigroup lifted their target price on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $665.00.

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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