National Pension Service Has $334.99 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• The National Pension Service increased its stake in The Goldman Sachs Group by 1.9%, owning a total of 613,206 shares valued at approximately $334.99 million.
• The Goldman Sachs Group recently declared a quarterly dividend of $4.00, up from its previous dividend of $3.00, reflecting a 2.2% yield.
• The firm reported $10.91 EPS for the last quarter, exceeding the consensus estimate by $1.09, with revenues of $14.58 billion.

National Pension Service grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 613,206 shares of the investment management company's stock after purchasing an additional 11,338 shares during the period. National Pension Service owned approximately 0.20% of The Goldman Sachs Group worth $334,988,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in The Goldman Sachs Group during the first quarter worth $25,000. Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. American Capital Advisory LLC bought a new stake in shares of The Goldman Sachs Group during the 1st quarter worth $29,000. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $31,000. Finally, Godsey & Gibb Inc. grew its position in shares of The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of the company's stock in a transaction dated 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of the business's stock in a transaction dated Friday, July 25th. The stock was 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 in the company, 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. In the last ninety days, insiders have sold 20,079 shares of company stock valued at $14,423,221. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Down 2.2%

GS stock traded down $16.70 during midday trading on Friday, reaching $730.50. The company's stock had a trading volume of 1,645,323 shares, compared to its average volume of 2,562,954. The business's 50-day simple moving average is $692.48 and its 200-day simple moving average is $617.21. The stock has a market cap of $221.14 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $749.05. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate of $9.82 by $1.09. The business had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The firm's revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.62 EPS. As a group, sell-side 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. Investors of record on Friday, August 29th will be given a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.2%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is presently 26.44%.

Analyst Ratings Changes

GS has been the topic of a number of recent analyst reports. JMP Securities reiterated a "market perform" rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Morgan Stanley increased their target price on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Finally, 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. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $660.00.

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.