Union Bancaire Privee UBP SA Buys 3,880 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Union Bancaire Privee UBP SA increased its stake in The Goldman Sachs Group by 16.8% during the second quarter, acquiring an additional 3,880 shares, bringing its total holdings to 26,998 shares valued at approximately $19.1 million.
• The Goldman Sachs Group reported a second-quarter EPS of $10.91, exceeding analysts' expectations of $9.82, along with a 14.5% increase in revenue year-over-year.
• The company recently raised its quarterly dividend from $3.00 to $4.00, resulting in an annualized yield of 2.0%, demonstrating a positive shift in its dividend policy.

Union Bancaire Privee UBP SA raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 16.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,998 shares of the investment management company's stock after purchasing an additional 3,880 shares during the period. Union Bancaire Privee UBP SA's holdings in The Goldman Sachs Group were worth $19,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Trivium Point Advisory LLC increased its stake in The Goldman Sachs Group by 83.3% in the second quarter. Trivium Point Advisory LLC now owns 1,694 shares of the investment management company's stock valued at $1,199,000 after purchasing an additional 770 shares in the last quarter. Robbins Farley increased its stake in The Goldman Sachs Group by 0.7% in the second quarter. Robbins Farley now owns 6,730 shares of the investment management company's stock valued at $4,763,000 after purchasing an additional 48 shares in the last quarter. Lee Johnson Capital Management LLC bought a new stake in The Goldman Sachs Group in the second quarter valued at $1,258,000. XML Financial LLC increased its stake in The Goldman Sachs Group by 1.0% in the second quarter. XML Financial LLC now owns 4,910 shares of the investment management company's stock valued at $3,475,000 after purchasing an additional 48 shares in the last quarter. Finally, HCR Wealth Advisors increased its stake in The Goldman Sachs Group by 9.5% in the second quarter. HCR Wealth Advisors now owns 2,011 shares of the investment management company's stock valued at $1,423,000 after purchasing an additional 174 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Trading Up 0.2%

Shares of GS stock opened at $804.07 on Tuesday. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $825.25. 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 50-day simple moving average of $749.28 and a two-hundred day simple moving average of $649.87. The company has a market capitalization of $243.41 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.67 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data 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 Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The business had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the prior year, the firm posted $8.62 EPS. The firm's quarterly revenue was up 14.5% compared to the same quarter last year. Research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were given a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was 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%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. HSBC reissued a "reduce" rating and set a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a research report on Thursday, July 10th. 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. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, 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. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $674.93.

Insider Activity

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the company's stock in a transaction dated 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 approximately $89,876,426.56. This represents a 4.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John E. Waldron sold 9,000 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the sale, the chief operating officer directly owned 106,268 shares of the company's stock, valued at $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is currently owned by company 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.

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