DE Burlo Group Inc. Sells 4,500 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• DE Burlo Group Inc. reduced its stake in The Goldman Sachs Group by 9.9%, holding 40,800 shares valued at approximately $22.3 million after selling 4,500 shares.
• The Goldman Sachs Group recently announced a quarterly dividend increase from $3.00 to $4.00, with the payout expected on September 29th.
• Goldman Sachs reported $10.91 earnings per share (EPS) for the latest quarter, exceeding estimates and showing a 14.5% revenue increase year-over-year.

DE Burlo Group Inc. trimmed its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 9.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,800 shares of the investment management company's stock after selling 4,500 shares during the quarter. The Goldman Sachs Group comprises about 3.3% of DE Burlo Group Inc.'s holdings, making the stock its 11th biggest position. DE Burlo Group Inc.'s holdings in The Goldman Sachs Group were worth $22,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of GS. Geode Capital Management LLC grew its holdings in shares of The Goldman Sachs Group by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock valued at $3,761,576,000 after buying an additional 161,500 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after buying an additional 3,970,467 shares during the last quarter. FMR LLC boosted its holdings in The Goldman Sachs Group by 23.7% during the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock worth $2,053,614,000 after purchasing an additional 687,711 shares during the last quarter. Northern Trust Corp boosted its holdings in The Goldman Sachs Group by 15.0% during the fourth quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock worth $1,885,454,000 after purchasing an additional 428,502 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in The Goldman Sachs Group during the first quarter worth about $1,766,238,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GS has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a "market perform" rating in a report on Thursday, July 17th. JMP Securities restated a "market perform" rating and set a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Finally, Barclays cut their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $660.00.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded up $2.08 during trading on Wednesday, reaching $734.06. 635,864 shares of the company's stock traded hands, compared to its average volume of 2,617,073. The company has a market capitalization of $225.24 billion, a P/E ratio of 16.18, a PEG ratio of 1.54 and a beta of 1.35. 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 firm's 50-day moving average is $662.35 and its 200 day moving average is $607.95. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $737.88.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced 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 analysts' expectations of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The Goldman Sachs Group's revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $8.62 EPS. 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 firm also recently declared 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 a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio is presently 26.44%.

Insider Activity at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,608 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at $89,876,426.56. The trade was a 4.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 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 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 worth $14,423,221. 0.55% of the stock is owned by corporate insiders.

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.