The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Davis R M Inc.

Key Points

• Davis R M Inc. increased its stake in The Goldman Sachs Group by 121.9%, acquiring a total of 39,940 shares valued at approximately $21.8 million.
• The Goldman Sachs Group has declared a quarterly dividend of $4.00 per share, reflecting a significant increase from the previous quarterly dividend of $3.00, resulting in a 2.19% dividend yield.
• The company beat analysts' earnings expectations for the last quarter with $10.91 EPS, up from $8.62 EPS in the same period last year, alongside a revenue increase of 14.5% year-over-year.

Davis R M Inc. raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 121.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,940 shares of the investment management company's stock after purchasing an additional 21,944 shares during the period. Davis R M Inc.'s holdings in The Goldman Sachs Group were worth $21,819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mascagni Wealth Management Inc. purchased a new stake in The Goldman Sachs Group in the 4th quarter worth about $31,000. American Capital Advisory LLC purchased a new stake in The Goldman Sachs Group in the 1st quarter worth about $29,000. Transce3nd LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth about $31,000. Godsey & Gibb Inc. raised its position 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 worth $30,000 after purchasing an additional 34 shares during the period. Finally, Lowe Wealth Advisors LLC raised its position 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 worth $35,000 after purchasing an additional 49 shares during the period. Institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays reduced their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Finally, Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $660.00.

Insider Activity

In other news, EVP John F.W. Rogers sold 6,008 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the chief financial officer owned 18,594 shares of the company's stock, valued at $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,079 shares of company stock valued at $14,423,221 over the last ninety days. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Down 2.0%

NYSE GS traded down $14.19 on Friday, hitting $709.40. The stock had a trading volume of 2,997,787 shares, compared to its average volume of 2,015,611. The business's fifty day moving average price is $669.82 and its 200 day moving average price is $610.89. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.12 and a quick ratio of 0.68. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $737.88. The stock has a market cap of $217.67 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.51 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating analysts' consensus estimates of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The business's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company earned $8.62 earnings per share. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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. Stockholders of record on Friday, August 29th will be issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.3%. 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. The Goldman Sachs Group's dividend payout ratio is presently 26.44%.

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.