Versor Investments LP Takes Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Versor Investments LP made a new investment of approximately $947,000 in The Goldman Sachs Group, acquiring 1,734 shares in the first quarter.
• The Goldman Sachs Group recently reported earnings per share (EPS) of $10.91 for the quarter, exceeding estimates by $1.09, with quarterly revenue reaching $14.58 billion.
• A quarterly dividend of $4.00 will be paid to investors on September 29th, up from the previous dividend of $3.00, representing an annualized yield of 2.2%.

Versor Investments LP acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,734 shares of the investment management company's stock, valued at approximately $947,000.

Other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG boosted its holdings in The Goldman Sachs Group by 15.4% in the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock valued at $594,412,000 after purchasing an additional 138,198 shares during the period. Clear Creek Financial Management LLC bought a new stake in The Goldman Sachs Group in the 1st quarter valued at about $321,000. Blueshift Asset Management LLC boosted its holdings in The Goldman Sachs Group by 161.8% in the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company's stock valued at $576,000 after purchasing an additional 652 shares during the period. Adams Diversified Equity Fund Inc. boosted its holdings in 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 purchasing an additional 14,600 shares during the period. Finally, Terra Nova Asset Management LLC acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $1,643,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

GS stock traded up $25.8940 during trading on Friday, reaching $741.8440. 1,948,403 shares of the company were exchanged, compared to its average volume of 1,756,604. The company has a 50-day moving average of $705.56 and a two-hundred day moving average of $620.87. The company has a market capitalization of $224.57 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 1.52 and a beta of 1.38. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $749.05. 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 (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (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 14.32%. The firm had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. During the same period in the prior year, the company posted $8.62 EPS. The company's revenue was up 14.5% on a year-over-year basis. As a group, equities analysts predict 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 firm 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. The ex-dividend date is Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.2%. The Goldman Sachs Group's dividend payout ratio is currently 35.26%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the company's 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 completion of the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at approximately $89,876,426.56. This represents a 4.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Denis P. Coleman sold 7,463 shares of the company'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 completion of the transaction, the chief financial officer owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. This trade 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 sold 20,079 shares of company stock worth $14,423,221. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GS has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus 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.