The Goldman Sachs Group, Inc. (NYSE:GS) is Waycross Partners LLC's 7th Largest Position

Key Points

• Waycross Partners LLC increased its holdings in The Goldman Sachs Group by 22.6% during the first quarter, owning a total of 61,942 shares valued at approximately $33.8 million.
• The Goldman Sachs Group reported an earnings per share (EPS) of $10.91 for the last quarter, beating estimates by $1.09, with revenues up 14.5% year-over-year.
• The firm recently announced an increase in its quarterly dividend from $3.00 to $4.00 per share, reflecting a healthy dividend yield of 2.2%.

Waycross Partners LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 22.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 61,942 shares of the investment management company's stock after buying an additional 11,401 shares during the period. The Goldman Sachs Group accounts for approximately 3.8% of Waycross Partners LLC's portfolio, making the stock its 7th largest holding. Waycross Partners LLC's holdings in The Goldman Sachs Group were worth $33,838,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GS. Mascagni Wealth Management Inc. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $31,000. American Capital Advisory LLC acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth approximately $29,000. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Godsey & Gibb Inc. boosted its holdings in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after purchasing an additional 34 shares during the period. Finally, Lowe Wealth Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 326.7% during the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research report on Thursday, July 17th. Barclays decreased their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. 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. Finally, Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $660.00.

Insider Activity

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was 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 $89,876,426.56. This trade represents a 4.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Denis P. Coleman sold 7,463 shares of the 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 transaction, the chief financial officer owned 18,594 shares in the company, valued at $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. Insiders have sold 20,079 shares of company stock valued at $14,423,221 in the last 90 days. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Down 0.2%

GS traded down $1.37 during trading on Monday, hitting $719.90. The company's stock had a trading volume of 437,081 shares, compared to its average volume of 2,576,723. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $737.88. 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 stock's fifty day moving average price is $681.52 and its 200-day moving average price is $614.05. The firm has a market capitalization of $217.93 billion, a P/E ratio of 15.87, a PEG ratio of 1.53 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same period in the prior year, the firm earned $8.62 earnings per share. The Goldman Sachs Group's revenue for the quarter was up 14.5% on a year-over-year basis. Analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is currently 26.44%.

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.