US Bancorp DE Has $99.73 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• US Bancorp DE has reduced its holdings in The Goldman Sachs Group by 1.3%, now owning 182,553 shares valued at approximately $99.73 million.
• The Goldman Sachs Group recently declared a quarterly dividend increase to $4.00 per share, up from the previous $3.00, amounting to an annualized yield of 2.3%.
• The firm reported earnings of $10.91 per share, exceeding analysts' expectations of $9.82, with a revenue of $14.58 billion for the last quarter.

US Bancorp DE lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 182,553 shares of the investment management company's stock after selling 2,393 shares during the period. US Bancorp DE owned approximately 0.06% of The Goldman Sachs Group worth $99,727,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. American Capital Advisory LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at $29,000. Godsey & Gibb Inc. boosted its stake 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 valued at $30,000 after purchasing an additional 34 shares in the last quarter. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $31,000. Mascagni Wealth Management Inc. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $31,000. Finally, Lowe Wealth Advisors LLC lifted its holdings in The Goldman Sachs Group by 326.7% during the 1st 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 during the last quarter. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 7,463 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the transaction, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were 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 in the company, valued at $47,176,283.79. This 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 valued at $14,423,221. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GS. HSBC reaffirmed a "reduce" rating and set a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. JMP Securities reiterated a "market perform" rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Hsbc Global Res lowered The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Finally, Citigroup raised their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $660.00.

The Goldman Sachs Group Trading Down 2.0%

NYSE GS traded down $14.19 during trading hours on Friday, hitting $709.40. The company's stock had a trading volume of 2,997,787 shares, compared to its average volume of 2,165,566. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $737.88. The firm has a market capitalization of $217.67 billion, a P/E ratio of 15.63, a PEG ratio of 1.51 and a beta of 1.38. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 2.26. The stock has a fifty day moving average of $669.82 and a 200 day moving average of $610.88.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate 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 company had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. During the same quarter in the previous year, the company posted $8.62 EPS. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced 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. 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. This represents a $16.00 annualized dividend and a yield of 2.3%. The Goldman Sachs Group's payout ratio is currently 26.44%.

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.