Triglav Skladi D.O.O. Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Triglav Skladi D.O.O. increased its stake in The Goldman Sachs Group by 13.9%, bringing its total holdings to 52,887 shares valued at approximately $28.89 million.
• Several institutional investors, including Deutsche Bank AG and Blueshift Asset Management LLC, have also boosted their holdings in Goldman Sachs, reflecting strong institutional interest.
• Goldman Sachs announced a quarterly dividend increase to $4.00 per share, up from $3.00, representing a dividend yield of 2.2%.

Triglav Skladi D.O.O. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,887 shares of the investment management company's stock after purchasing an additional 6,436 shares during the period. The Goldman Sachs Group makes up 2.4% of Triglav Skladi D.O.O.'s holdings, making the stock its 11th biggest holding. Triglav Skladi D.O.O.'s holdings in The Goldman Sachs Group were worth $28,890,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Deutsche Bank AG increased its stake in 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 valued at $594,412,000 after buying an additional 138,198 shares during the period. Clear Creek Financial Management LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth $321,000. Blueshift Asset Management LLC grew its stake in The Goldman Sachs Group by 161.8% in the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company's stock valued at $576,000 after acquiring an additional 652 shares during the last quarter. Adams Diversified Equity Fund Inc. grew its stake in The Goldman Sachs Group by 41.5% in the 1st quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock valued at $27,205,000 after acquiring an additional 14,600 shares during the last quarter. Finally, Terra Nova Asset Management LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at about $1,643,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citigroup upped their target price 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. Morgan Stanley increased their price objective 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. Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. JMP Securities reissued a "market perform" rating and set a $600.00 target price on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research report on Thursday, July 17th. One investment 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's stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and an average price target of $660.00.

The Goldman Sachs Group Stock Up 3.3%

Shares of GS stock opened at $743.06 on Wednesday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $748.14. The firm has a market cap of $224.94 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.53 and a beta of 1.38. The stock has a 50 day moving average of $686.71 and a 200-day moving average of $615.52. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57.

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 for the quarter, beating analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%. The firm had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. During the same period in the prior year, the business posted $8.62 earnings per share. The business's revenue was up 14.5% compared to the same quarter last year. On average, equities analysts predict 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 announced 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. The ex-dividend date is Friday, August 29th. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a dividend yield of 2.2%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 26.44%.

Insider Transactions at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,608 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the transaction, the chief executive officer 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value 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. Over the last quarter, insiders have sold 20,079 shares of company stock worth $14,423,221. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group 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.

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