The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in The Goldman Sachs Group by 2.0%, owning 2,951,510 shares worth approximately $1.61 billion after selling 59,073 shares in the 1st quarter.
• The Goldman Sachs Group reported a quarterly earnings per share of $10.91, surpassing analysts' expectations of $9.82, with a revenue of $14.58 billion for the quarter, a 14.5% year-over-year increase.
• The company announced a dividend increase to $4.00 per share, representing an annualized yield of 2.2%, set to be paid on September 29th.

Invesco Ltd. trimmed its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,951,510 shares of the investment management company's stock after selling 59,073 shares during the period. Invesco Ltd. owned about 0.96% of The Goldman Sachs Group worth $1,612,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. King Wealth Management Group raised its stake in shares of The Goldman Sachs Group by 1.8% during the 1st quarter. King Wealth Management Group now owns 1,086 shares of the investment management company's stock worth $593,000 after acquiring an additional 19 shares in the last quarter. Wynn Capital LLC raised its stake in shares of The Goldman Sachs Group by 0.3% during the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock worth $3,211,000 after acquiring an additional 20 shares in the last quarter. 1900 Wealth Management LLC increased its stake in The Goldman Sachs Group by 2.6% during the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock valued at $425,000 after purchasing an additional 20 shares in the last quarter. Register Financial Advisors LLC increased its stake in The Goldman Sachs Group by 2.5% during the 1st quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock valued at $440,000 after purchasing an additional 20 shares in the last quarter. Finally, World Equity Group Inc. increased its stake in The Goldman Sachs Group by 0.9% during the 1st quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company's stock valued at $1,273,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded up $0.41 during midday trading on Wednesday, hitting $743.79. The company's stock had a trading volume of 213,203 shares, compared to its average volume of 2,565,769. The business's 50 day simple moving average is $686.71 and its 200 day simple moving average is $615.52. 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 company has a market cap of $225.16 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.53 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $748.91.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the previous year, the firm earned $8.62 earnings per share. The Goldman Sachs Group's quarterly revenue was up 14.5% compared to the same quarter last year. On average, analysts forecast 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. Stockholders of record on Friday, August 29th will be given a dividend of $4.00 per share. The ex-dividend date is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.2%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is presently 26.44%.

Analyst Upgrades and Downgrades

GS has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target 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. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" 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, Barclays cut their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $660.00.

Insider Transactions at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 7,463 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the company'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 completion of the sale, the executive vice president owned 65,761 shares of the company's stock, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,079 shares of company stock worth $14,423,221. 0.55% of the stock is currently owned by 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.