The Goldman Sachs Group, Inc. $GS Shares Purchased by Dynamic Advisor Solutions LLC

Key Points

• Dynamic Advisor Solutions LLC increased its position in Goldman Sachs shares by 12.8% to a total of 3,855 shares, valued at approximately $2.73 million as of its latest SEC filing.
• The Goldman Sachs Group recently raised its quarterly dividend from $3.00 to $4.00 per share, resulting in an annualized dividend of $16.00 with a yield of 2.0%.
• Goldman Sachs shares saw an increase in analyst ratings, with Morgan Stanley raising its price target from $680.00 to $715.00, while the consensus target price has settled at $665.00.

Dynamic Advisor Solutions LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,855 shares of the investment management company's stock after buying an additional 436 shares during the period. Dynamic Advisor Solutions LLC's holdings in The Goldman Sachs Group were worth $2,728,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Canada Pension Plan Investment Board grew its position in shares of The Goldman Sachs Group by 28.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company's stock worth $286,418,000 after buying an additional 116,535 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in The Goldman Sachs Group during the first quarter valued at $321,000. Blueshift Asset Management LLC raised its stake in The Goldman Sachs Group by 161.8% during the first quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company's stock valued at $576,000 after buying an additional 652 shares during the last quarter. Adams Diversified Equity Fund Inc. raised its stake in The Goldman Sachs Group by 41.5% during the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock valued at $27,205,000 after buying an additional 14,600 shares during the last quarter. Finally, Terra Nova Asset Management LLC purchased a new position in The Goldman Sachs Group during the first quarter valued at $1,643,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. HSBC reiterated a "reduce" rating and set a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Morgan Stanley upped their price objective on The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Finally, Hsbc Global Res cut The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $665.00.

The Goldman Sachs Group Trading Up 0.0%

Shares of NYSE GS traded up $0.14 during midday trading on Friday, hitting $804.45. The company's stock had a trading volume of 3,788,014 shares, compared to its average volume of 1,604,564. 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 business's 50 day moving average is $738.03 and its two-hundred day moving average is $638.00. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $809.66. The firm has a market cap of $243.52 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping the consensus estimate 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 company had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same period last year, the business posted $8.62 EPS. The Goldman Sachs Group's quarterly revenue was up 14.5% on a year-over-year basis. As a group, 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 business 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 dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 29th. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio (DPR) is 35.26%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the transaction, the chief executive officer owned 126,176 shares in the company, valued at approximately $89,876,426.56. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $6,934,016.84. Following the sale, the chief operating officer owned 115,268 shares of the company's stock, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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 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.