one8zero8 LLC Sells 650 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• one8zero8 LLC reduced its stake in The Goldman Sachs Group by 12.9%, selling 650 shares during the first quarter, leaving them with a total of 4,371 shares valued at $2,388,000.
• The Goldman Sachs Group reported $10.91 EPS for the last quarter, surpassing analyst expectations, with revenues of $14.58 billion, up 14.5% year-over-year.
• The company announced an increase in its quarterly dividend to $4.00, up from $3.00, representing a yield of 2.20%.

one8zero8 LLC cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,371 shares of the investment management company's stock after selling 650 shares during the quarter. one8zero8 LLC's holdings in The Goldman Sachs Group were worth $2,388,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Deutsche Bank AG grew its holdings in shares of The Goldman Sachs Group by 15.4% in the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after acquiring an additional 138,198 shares during the last quarter. Clear Creek Financial Management LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter worth $321,000. Adams Diversified Equity Fund Inc. boosted its position in shares of The Goldman Sachs Group by 41.5% in the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock worth $27,205,000 after buying an additional 14,600 shares during the period. Terra Nova Asset Management LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter worth $1,643,000. Finally, Strategic Blueprint LLC boosted its position in shares of The Goldman Sachs Group by 15.2% in the first quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company's stock worth $1,787,000 after buying an additional 432 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Solomon sold 6,608 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the completion of the sale, the chief executive officer directly owned 126,176 shares of the company's stock, valued at $89,876,426.56. This represents a 4.98% decrease in their ownership of the stock. 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 company insiders.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $1.74 during trading hours on Wednesday, reaching $733.72. 659,014 shares of the company were exchanged, compared to its average volume of 2,617,073. The firm has a market cap of $225.13 billion, a price-to-earnings ratio of 16.17, 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 stock has a 50-day moving average of $662.35 and a 200 day moving average of $607.95. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $737.88.

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 (EPS) for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The firm had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The company's revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $8.62 earnings per share. As a group, 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 announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.18%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio is presently 26.44%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GS shares. Barclays decreased their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. JPMorgan Chase & Co. reduced their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley boosted their target price on 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. Finally, Wall Street Zen raised The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus price target of $660.00.

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.