Vanguard Personalized Indexing Management LLC Buys 6,789 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in The Goldman Sachs Group by 19.2%, acquiring an additional 6,789 shares to reach a total of 42,207 shares, valued at approximately $29.89 million.
• The Goldman Sachs Group recently declared a quarterly dividend increase from $3.00 to $4.00 per share, resulting in an annualized dividend of $16.00 and a dividend yield of 2.1%.
• The company reported earnings of $10.91 per share for the last quarter, exceeding analysts' expectations by $1.09, with a net margin of 12.37% and revenue of $14.58 billion.

Vanguard Personalized Indexing Management LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 19.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,207 shares of the investment management company's stock after purchasing an additional 6,789 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in The Goldman Sachs Group were worth $29,886,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC increased its position in The Goldman Sachs Group by 1,800.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company's stock valued at $26,000 after buying an additional 36 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in The Goldman Sachs Group in the 1st quarter valued at about $25,000. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group in the 1st quarter valued at about $29,000. Ridgewood Investments LLC increased its position in The Goldman Sachs Group by 45.9% in the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock valued at $38,000 after buying an additional 17 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its position in The Goldman Sachs Group by 46.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock valued at $38,000 after buying an additional 23 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of The Goldman Sachs Group in a report on Friday, October 3rd. They set a "market perform" rating and a $785.00 price objective for the company. JMP Securities reiterated a "market perform" rating and set a $600.00 price objective on shares of The Goldman Sachs Group in a report on Monday, July 14th. Morgan Stanley lifted their price objective on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the company an "equal weight" rating in a report on Monday, September 29th. UBS Group lifted their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a "neutral" rating in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada lifted their price objective on shares of The Goldman Sachs Group from $750.00 to $843.00 and gave the company a "sector perform" rating in a report on Wednesday, October 1st. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $727.31.

The Goldman Sachs Group Stock Down 1.9%

GS opened at $765.14 on Friday. 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 company's 50-day moving average is $760.79 and its 200 day moving average is $662.94. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25. The firm has a market capitalization of $231.62 billion, a P/E ratio of 16.86, a PEG ratio of 1.44 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released 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 net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same period last year, the firm earned $8.62 earnings per share. The firm's revenue was up 14.5% on a year-over-year basis. Research analysts expect 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 declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a dividend of $4.00 per share. The ex-dividend date of this dividend was Friday, August 29th. This is an increase 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 2.1%. The Goldman Sachs Group's payout ratio is 35.26%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group 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 sale, the chief executive officer owned 126,176 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this link. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group 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 sale, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,323 shares of company stock worth $28,111,828. 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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