U.S. Capital Wealth Advisors LLC Has $7.77 Million Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• U.S. Capital Wealth Advisors LLC increased its holdings in The Goldman Sachs Group by 59.8%, acquiring an additional 4,107 shares during the second quarter, bringing their total to 10,978 shares worth approximately $7.77 million.
• The Goldman Sachs Group reported $10.91 earnings per share for the last quarter, surpassing estimates and reflecting a year-over-year revenue increase of 14.5%.
• The company announced a quarterly dividend increase from $3.00 to $4.00, resulting in an annualized dividend yield of 2.0% and a payout ratio of 35.26%.

U.S. Capital Wealth Advisors LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 59.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,978 shares of the investment management company's stock after purchasing an additional 4,107 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $7,770,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its holdings in shares of The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company's stock worth $20,566,005,000 after acquiring an additional 29,053,586 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of The Goldman Sachs Group by 63,864.7% in the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after buying an additional 3,970,467 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter worth about $1,766,238,000. Nuveen LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter worth about $897,185,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of The Goldman Sachs Group by 102.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company's stock worth $8,065,000 after purchasing an additional 585,084 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO David M. Solomon sold 6,608 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 in the company, valued at approximately $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Denis P. Coleman sold 7,463 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the transaction, the chief financial officer owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. This 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GS has been the topic of several research reports. JMP Securities restated a "market perform" rating and set a $600.00 price target on shares of The Goldman Sachs Group in a research note on Monday, July 14th. HSBC reissued 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. Morgan Stanley upped their price objective on 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. Wells Fargo & Company increased their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. Finally, Citigroup raised their price objective on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $665.00.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $0.20 during trading on Monday, reaching $805.20. 1,150,956 shares of the company's stock were exchanged, compared to its average volume of 1,696,610. The business has a 50 day moving average price of $739.87 and a 200-day moving average price of $640.52. The stock has a market capitalization of $243.75 billion, a P/E ratio of 17.74, a PEG ratio of 1.68 and a beta of 1.41. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $809.66.

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 return on equity of 14.32% and a net margin of 12.37%.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 earnings per share. The business's revenue was up 14.5% on a year-over-year basis. Sell-side 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 company also recently disclosed 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 is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio is presently 35.26%.

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.