TigerOak Management L.L.C. Grows Position in The Goldman Sachs Group, Inc. $GS

Key Points

• TigerOak Management L.L.C. increased its stake in The Goldman Sachs Group by 11.2% during the 2nd quarter, owning 4,368 shares worth approximately $3.09 million.
• The Goldman Sachs Group reported $10.91 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $9.82 and marking a 14.5% increase in revenue compared to the previous year.
• The company has declared a quarterly dividend of $4.00 per share, reflecting an annualized dividend of $16.00 and a yield of 2.0%, up from its previous dividend of $3.00.

TigerOak Management L.L.C. lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 11.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,368 shares of the investment management company's stock after purchasing an additional 440 shares during the quarter. The Goldman Sachs Group comprises 1.1% of TigerOak Management L.L.C.'s investment portfolio, making the stock its 20th biggest holding. TigerOak Management L.L.C.'s holdings in The Goldman Sachs Group were worth $3,091,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of The Goldman Sachs Group in the 1st quarter worth about $25,000. American Capital Advisory LLC purchased a new position in The Goldman Sachs Group during the 1st quarter valued at about $29,000. Godsey & Gibb Inc. boosted its stake in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after acquiring an additional 34 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new stake in The Goldman Sachs Group in the fourth quarter worth about $31,000. Finally, Lowe Wealth Advisors LLC increased its stake in shares of The Goldman Sachs Group by 326.7% during the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock valued at $35,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $793.50 on Thursday. 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 capitalization of $240.21 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 1.68 and a beta of 1.41. The stock has a 50-day moving average of $743.66 and a 200 day moving average of $642.72. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25.

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 earnings per share (EPS) 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 14.32%. The firm had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter last year, the firm posted $8.62 EPS. The business's quarterly revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current 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 dividend of $4.00 per share. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is currently 35.26%.

Analyst Ratings Changes

GS has been the topic of a number of analyst reports. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an "outperform" rating in a research report on Thursday, July 10th. HSBC reiterated a "reduce" rating and set a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Wells Fargo & Company increased their target price on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 16th. Citigroup lifted their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Finally, Hsbc Global Res cut shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $665.00.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group 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 value of $5,406,197.20. Following the transaction, the chief financial officer directly owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO John E. Waldron sold 9,244 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the sale, the chief operating officer directly owned 115,268 shares of the company's stock, valued at $86,463,679.48. The trade was a 7.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,323 shares of company stock valued at $28,111,828. Corporate insiders own 0.55% of the company's stock.

About The Goldman Sachs Group

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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