Venture Visionary Partners LLC Boosts Stock Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Venture Visionary Partners LLC increased its stake in The Goldman Sachs Group, Inc. by 23.4%, owning a total of 4,536 shares worth approximately $3,211,000.
• CEO David M. Solomon and COO John E. Waldron both sold a significant number of shares recently, indicating a decrease in their ownership by 4.98% and 7.42% respectively.
• The Goldman Sachs Group recently increased its quarterly dividend from $3.00 to $4.00 per share, reflecting a positive adjustment in its dividend payout strategy.

Venture Visionary Partners LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 23.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,536 shares of the investment management company's stock after acquiring an additional 861 shares during the quarter. Venture Visionary Partners LLC's holdings in The Goldman Sachs Group were worth $3,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of GS. Brighton Jones LLC increased its position in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock worth $1,989,000 after acquiring an additional 508 shares during the period. Revolve Wealth Partners LLC increased its position in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after acquiring an additional 58 shares during the period. JGP Wealth Management LLC purchased a new stake in shares of The Goldman Sachs Group during the first quarter worth $215,000. Gunderson Capital Management Inc. purchased a new stake in shares of The Goldman Sachs Group during the first quarter worth $11,644,000. Finally, NBC Securities Inc. purchased a new stake in shares of The Goldman Sachs Group during the first quarter worth $240,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,608 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the sale, the chief executive officer owned 126,176 shares in the company, valued at approximately $89,876,426.56. This represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO John E. Waldron sold 9,244 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the sale, the chief operating officer owned 115,268 shares of the company's stock, valued at $86,463,679.48. This trade represents a 7.42% 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. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. HSBC reissued a "reduce" rating and issued a $627.00 target price (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Wall Street Zen raised The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Morgan Stanley increased their target price on The Goldman Sachs Group from $706.00 to $854.00 and gave the company an "equal weight" rating in a report on Monday. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Finally, Citigroup increased their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $674.93.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $804.07 on Tuesday. The stock's 50-day moving average is $749.28 and its two-hundred day moving average is $649.87. The firm has a market cap 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, Inc. has a 1 year low of $439.38 and a 1 year 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 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 the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The business's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $8.62 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current 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 issued a dividend of $4.00 per share. 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. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group's dividend payout ratio is 35.26%.

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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