Werba Rubin Papier Wealth Management Invests $325,000 in The Goldman Sachs Group, Inc. $GS

Key Points

• Werba Rubin Papier Wealth Management invested $325,000 in The Goldman Sachs Group, acquiring 459 shares during the second quarter.
• Goldman Sachs reported $12.25 EPS for the quarter, exceeding the consensus estimate of $10.27, but fell short of revenue expectations with $11.33 billion.
• The company announced a quarterly dividend of $4.00, resulting in an annualized dividend of $16.00 with a yield of 2.1%.

Werba Rubin Papier Wealth Management bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 459 shares of the investment management company's stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC grew its position in shares of The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company's stock worth $20,566,005,000 after buying an additional 29,053,586 shares during the period. Northern Trust Corp boosted its stake in The Goldman Sachs Group by 1.2% in 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 purchasing an additional 40,125 shares in the last quarter. International Assets Investment Management LLC bought a new position in The Goldman Sachs Group in the 1st quarter worth about $1,766,238,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in The Goldman Sachs Group by 6.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company's stock worth $1,138,527,000 after purchasing an additional 120,272 shares in the last quarter. Finally, Amundi boosted its stake in The Goldman Sachs Group by 13.6% in the 1st quarter. Amundi now owns 1,891,260 shares of the investment management company's stock worth $967,193,000 after purchasing an additional 225,993 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $768.20 on Thursday. The firm's 50 day moving average price is $763.93 and its 200-day moving average price is $666.82. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The stock has a market capitalization of $232.55 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.45 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The firm had revenue of $11.33 billion for the quarter, compared to analysts' expectations of $13.68 billion. During the same quarter in the prior year, the business earned $8.40 EPS. The business's quarterly revenue was up 19.5% on a year-over-year basis. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group's dividend payout ratio is currently 35.26%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Zacks Research cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 16th. JMP Securities restated a "market perform" rating and set a $600.00 target price on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Royal Bank Of Canada restated a "neutral" rating and set a $843.00 target price on shares of The Goldman Sachs Group in a research note on Tuesday. Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and an average target price of $765.07.

Insider Activity

In related news, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares of the company's stock, valued at approximately $47,176,283.79. This represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $4,706,944.48. Following the sale, the chief executive officer directly owned 126,176 shares of the company's stock, valued at approximately $89,876,426.56. This trade represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is owned by insiders.

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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