The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC reduced its holdings in The Goldman Sachs Group by 36.5%, selling 26,474 shares in the first quarter, leaving them with 45,973 shares valued at approximately $25.1 million.
• The Goldman Sachs Group announced a quarterly dividend increase to $4.00 per share, up from $3.00, representing a 2.2% yield for investors.
• The company's stock price has fluctuated significantly, with a 1-year low of $439.38 and a high of $749.05, and currently trades at around $730.50.

Cambiar Investors LLC lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 36.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,973 shares of the investment management company's stock after selling 26,474 shares during the quarter. Cambiar Investors LLC's holdings in The Goldman Sachs Group were worth $25,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in The Goldman Sachs Group in the 1st quarter valued at about $25,000. American Capital Advisory LLC acquired a new position in The Goldman Sachs Group in the 1st quarter valued at about $29,000. Godsey & Gibb Inc. raised its stake 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 purchasing an additional 34 shares during the last quarter. Transce3nd LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at about $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in The Goldman Sachs Group in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Trading Down 2.2%

NYSE:GS opened at $730.50 on Friday. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $749.05. The stock has a market cap of $221.14 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.55 and a beta of 1.38. The business has a fifty day moving average of $694.80 and a 200-day moving average of $617.71. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67.

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 for the quarter, beating 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 business had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. During the same quarter last year, the business posted $8.62 earnings per share. The company's quarterly revenue was up 14.5% on a year-over-year basis. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a dividend of $4.00 per share. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is 35.26%.

Insider Activity at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 7,463 shares of the firm'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 completion of the transaction, the chief financial officer owned 18,594 shares of the company's stock, valued at $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the transaction, the executive vice president owned 65,761 shares of the company's stock, valued at $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 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 corporate insiders.

Wall Street Analyst Weigh In

GS has been the subject of several recent analyst reports. HSBC restated a "reduce" rating and issued a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. JMP Securities reiterated a "market perform" rating and set a $600.00 target price on shares of The Goldman Sachs Group in a report on Monday, July 14th. Hsbc Global Res cut The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen raised The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock 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.

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