United Services Automobile Association Takes Position in The Goldman Sachs Group, Inc. $GS

Key Points

• United Services Automobile Association acquired a new stake in The Goldman Sachs Group, purchasing 7,407 shares valued at approximately $4,023,000 in the first quarter.
• Goldman Sachs' COO and CFO have recently sold shares, with COO John E. Waldron selling over 9,200 shares and CFO Denis P. Coleman selling over 7,400 shares, indicating a decrease in their ownership positions.
• The Goldman Sachs Group announced an increase in its quarterly dividend to $4.00 per share, up from the previous $3.00, representing an annual yield of 2.2%.

United Services Automobile Association bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,407 shares of the investment management company's stock, valued at approximately $4,023,000.

Several other large investors have also recently modified their holdings of GS. Clal Insurance Enterprises Holdings Ltd purchased a new position in The Goldman Sachs Group during the 1st quarter valued at $25,000. American Capital Advisory LLC purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter worth $29,000. Godsey & Gibb Inc. lifted its holdings in shares of 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 buying an additional 34 shares during the period. Mascagni Wealth Management Inc. purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $31,000. Finally, Lowe Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 49 shares during the period. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 0.8%

Shares of NYSE GS traded up $6.03 during mid-day trading on Wednesday, reaching $769.95. 1,996,070 shares of the company were exchanged, compared to its average volume of 1,578,995. 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 stock has a market cap of $233.08 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 1.60 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $774.47. The firm has a 50-day moving average of $726.53 and a 200 day moving average of $629.25.

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 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 14.32% and a net margin of 12.37%.The firm's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $8.62 EPS. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is 35.26%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, 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 directly owned 65,761 shares in the company, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 7,463 shares of the 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 completion of the sale, the chief financial officer 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Zacks Research upgraded The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. HSBC reiterated a "reduce" rating and issued a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Keefe, Bruyette & Woods upped their target price on 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. Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and an average target price 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.