Atria Investments Inc Buys 1,323 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Atria Investments Inc. increased its holdings in The Goldman Sachs Group by 5.5% in Q1, now owning 25,270 shares worth approximately $13.8 million.
• CEO David M. Solomon and CFO Denis P. Coleman both sold shares recently, with Solomon reducing his holdings by 4.98% and Coleman by 28.64%.
• The Goldman Sachs Group declared a quarterly dividend of $4.00 per share, up from the previous $3.00, marking a positive change in shareholder returns.

Atria Investments Inc lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,270 shares of the investment management company's stock after acquiring an additional 1,323 shares during the quarter. Atria Investments Inc's holdings in The Goldman Sachs Group were worth $13,805,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. American Capital Advisory LLC acquired a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $29,000. Transce3nd LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $31,000. Godsey & Gibb Inc. raised its holdings in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after acquiring an additional 34 shares in the last quarter. Finally, Lowe Wealth Advisors LLC raised its holdings in The Goldman Sachs Group by 326.7% in the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock valued at $35,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the business's 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 of the company's stock, valued at $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the business's 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 owned 65,761 shares of the company's stock, valued at approximately $47,176,283.79. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,079 shares of company stock valued at $14,423,221 over the last 90 days. 0.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on GS. Hsbc Global Res cut The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Morgan Stanley upped their price target on The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Citizens Jmp reissued a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, JMP Securities reissued a "market perform" rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a report on Monday, July 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $660.00.

The Goldman Sachs Group Stock Down 0.5%

Shares of The Goldman Sachs Group stock traded down $3.53 during trading on Monday, reaching $725.45. The stock had a trading volume of 468,318 shares, compared to its average volume of 2,627,508. The company has a market capitalization of $222.60 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.55 and a beta of 1.35. The stock has a fifty day moving average price of $657.60 and a two-hundred day moving average price of $605.94. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $732.52. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating analysts' consensus estimates of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The company's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $8.62 earnings per share. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal 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 given a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a yield of 2.21%. 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 payout ratio is 26.44%.

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.