Venture Visionary Partners LLC Has $2.01 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Venture Visionary Partners LLC has reduced its stake in The Goldman Sachs Group by 34.6%, selling 1,945 shares and now holding 3,675 shares valued at approximately $2,008,000.
• The Goldman Sachs Group reported earnings of $10.91 per share for the latest quarter, exceeding analysts' expectations of $9.82, with revenue of $14.58 billion.
• The company announced a quarterly dividend increase, with shareholders receiving $4.00 per share, raising its annual dividend yield to 2.2%.

Venture Visionary Partners LLC trimmed its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 34.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,675 shares of the investment management company's stock after selling 1,945 shares during the quarter. Venture Visionary Partners LLC's holdings in The Goldman Sachs Group were worth $2,008,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Deutsche Bank AG raised its holdings in The Goldman Sachs Group by 15.4% during the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after buying an additional 138,198 shares during the period. Clear Creek Financial Management LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter worth approximately $321,000. Blueshift Asset Management LLC raised its holdings in shares of The Goldman Sachs Group by 161.8% during the first quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company's stock valued at $576,000 after acquiring an additional 652 shares during the period. Adams Diversified Equity Fund Inc. lifted its position in shares of The Goldman Sachs Group by 41.5% in the 1st quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock valued at $27,205,000 after acquiring an additional 14,600 shares in the last quarter. Finally, Terra Nova Asset Management LLC acquired a new position in The Goldman Sachs Group in the 1st quarter worth approximately $1,643,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 3.6%

GS stock traded up $25.8940 during trading hours on Friday, hitting $741.8440. The company's stock had a trading volume of 1,948,403 shares, compared to its average volume of 1,756,604. The stock has a 50 day moving average price of $705.56 and a two-hundred day moving average price of $620.70. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $749.05. The company has a market capitalization of $224.57 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38. 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 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 business had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The Goldman Sachs Group's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $8.62 EPS. On average, equities 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 business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a $4.00 dividend. 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 2.2%. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group's payout ratio is presently 26.44%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the company's stock in a transaction that occurred on 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 owned 18,594 shares of the company's stock, valued at $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Solomon sold 6,608 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 126,176 shares in the company, valued at approximately $89,876,426.56. This trade represents a 4.98% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,079 shares of company stock worth $14,423,221. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GS. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Evercore ISI set a $715.00 price target on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Zacks Research upgraded shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Finally, Citizens Jmp reissued a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $660.00.

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.