Vident Advisory LLC Grows Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Vident Advisory LLC increased its stake in The Goldman Sachs Group by 262.7%, holding 13,493 shares valued at $7.37 million by the end of the last reporting period.
• The Goldman Sachs Group recently reported an EPS of $10.91 for the latest quarter, exceeding estimates, and announced a quarterly dividend increase to $4.00.
• Insider transactions saw significant sales, including EVP John F.W. Rogers and CEO David M. Solomon, selling shares valued at over $9 million collectively.

Vident Advisory LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 262.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 13,493 shares of the investment management company's stock after acquiring an additional 9,773 shares during the period. Vident Advisory LLC's holdings in The Goldman Sachs Group were worth $7,373,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GS. GAMMA Investing LLC lifted its position in The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after acquiring an additional 3,970,467 shares in the last quarter. Northern Trust Corp lifted its position in The Goldman Sachs Group by 1.2% during the 1st quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company's stock worth $1,820,677,000 after buying an additional 40,125 shares in the last quarter. International Assets Investment Management LLC bought a new stake in The Goldman Sachs Group during the 1st quarter worth about $1,766,238,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in The Goldman Sachs Group by 15.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,963,836 shares of the investment management company's stock worth $1,124,532,000 after buying an additional 256,204 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in The Goldman Sachs Group during the 4th quarter worth about $944,334,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on GS shares. Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. 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 reissued a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Zacks Research raised shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Finally, Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $660.00.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the sale, the chief financial officer owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. The trade was a 28.64% 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, CEO David M. Solomon sold 6,608 shares of the business'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 transaction 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. This trade represents a 4.98% 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 Stock Down 0.3%

Shares of NYSE GS traded down $2.02 during mid-day trading on Wednesday, reaching $728.83. 1,301,201 shares of the company's stock traded hands, compared to its average volume of 2,488,777. 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 business has a 50-day simple moving average of $720.29 and a 200 day simple moving average of $625.14. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $753.33. The stock has a market cap of $220.63 billion, a P/E ratio of 16.06, a PEG ratio of 1.58 and a beta of 1.41.

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. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed 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 a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group's payout ratio is presently 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.