The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its stake in The Goldman Sachs Group by 8.1%, holding 6,234 shares valued at approximately $3.4 million by the end of the most recent reporting period.
• The company has announced a quarterly dividend increase to $4.00 per share, up from the previous $3.00, with an annual yield of 2.19%.
• Goldman Sachs' recent earnings report showed earnings per share of $10.91, exceeding estimates and reflecting a 14.5% revenue growth from the same quarter last year.

Arkadios Wealth Advisors grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,234 shares of the investment management company's stock after buying an additional 467 shares during the quarter. Arkadios Wealth Advisors' holdings in The Goldman Sachs Group were worth $3,406,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in GS. American Capital Advisory LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at $29,000. Godsey & Gibb Inc. raised its position 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 worth $30,000 after purchasing an additional 34 shares during the period. Transce3nd LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth $31,000. Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group in the 4th quarter worth $31,000. Finally, Lowe Wealth Advisors LLC raised its position in The Goldman Sachs Group by 326.7% in the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

GS has been the topic of a number of recent analyst reports. Citizens Jmp reissued a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Citigroup boosted their price objective on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a report on Monday, July 21st. One 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's stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus target price of $660.00.

The Goldman Sachs Group Stock Down 2.0%

NYSE GS traded down $14.19 during trading on Friday, reaching $709.40. 2,997,787 shares of the company's stock traded hands, compared to its average volume of 2,015,611. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $737.88. The firm has a market cap of $217.67 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.51 and a beta of 1.38. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.12 and a quick ratio of 0.68. The company's 50 day simple moving average is $669.82 and its two-hundred day simple moving average is $610.85.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating 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 13.84%. The business had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. During the same period last year, the business earned $8.62 EPS. The company's revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be issued a $4.00 dividend. The ex-dividend date is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio (DPR) is 26.44%.

Insider Activity

In other news, CFO Denis P. Coleman sold 7,463 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. This trade represents a 28.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group 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 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. Corporate insiders own 0.55% of the company's stock.

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.