WealthPlan Investment Management LLC Buys Shares of 2,190 The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• WealthPlan Investment Management LLC purchased 2,190 shares of The Goldman Sachs Group, valued at approximately $1,197,000, during the first quarter, reflecting growing institutional interest in the firm.
• The Goldman Sachs Group's recent quarterly earnings exceeded expectations, reporting an EPS of $10.91 and revenue of $14.58 billion, up 14.5% year-over-year.
• The firm announced an increase in its quarterly dividend to $4.00, set to be paid on September 29th, reflecting a robust 2.2% dividend yield.

WealthPlan Investment Management LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,190 shares of the investment management company's stock, valued at approximately $1,197,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter worth about $29,000. Godsey & Gibb Inc. boosted its position 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 buying an additional 34 shares during the period. Transce3nd LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Mascagni Wealth Management Inc. acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Finally, Lowe Wealth Advisors LLC boosted its position 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 buying an additional 49 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 7,463 shares of the business'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 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. The trade was a 28.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the transaction, the executive vice president owned 65,761 shares in the company, valued at $47,176,283.79. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,079 shares of company stock worth $14,423,221 in the last 90 days. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $724.30 on Thursday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.68 and a current ratio of 0.67. The stock has a 50 day moving average price of $676.78 and a two-hundred day moving average price of $613.11. The firm has a market capitalization of $219.26 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.53 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $737.88.

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 EPS for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The firm had revenue of $14.58 billion during 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 company's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $8.62 EPS. Equities analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, August 29th. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 26.44%.

Wall Street Analyst Weigh In

Several research analysts recently commented on GS shares. Hsbc Global Res cut The Goldman Sachs Group from a "hold" rating to a "moderate sell" 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 note on Thursday, July 10th. JMP Securities restated a "market perform" rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group 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.

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