XTX Topco Ltd Raises Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• XTX Topco Ltd increased its stake in The Goldman Sachs Group by 4,135.3% in Q1, bringing its total holdings to 15,120 shares valued at approximately $8.26 million.
• The Goldman Sachs Group announced a dividend increase to $4.00 per share, up from $3.00, marking an annualized dividend of $16.00 and a yield of 2.21%.
• The company's earnings per share for the last quarter were reported at $10.91, exceeding analysts' estimates, alongside a revenue of $14.58 billion, a year-over-year increase of 14.5%.

XTX Topco Ltd boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4,135.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,120 shares of the investment management company's stock after acquiring an additional 14,763 shares during the quarter. The Goldman Sachs Group accounts for approximately 0.4% of XTX Topco Ltd's investment portfolio, making the stock its 10th biggest holding. XTX Topco Ltd's holdings in The Goldman Sachs Group were worth $8,260,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in shares of The Goldman Sachs Group by 15.4% during the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after purchasing an additional 138,198 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $321,000. Adams Diversified Equity Fund Inc. increased its stake in shares of The Goldman Sachs Group by 41.5% during the 1st quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock worth $27,205,000 after purchasing an additional 14,600 shares during the last quarter. Terra Nova Asset Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $1,643,000. Finally, Strategic Blueprint LLC increased its stake in shares of The Goldman Sachs Group by 15.2% during the 1st quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company's stock worth $1,787,000 after purchasing an additional 432 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of the business's stock in a transaction dated 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 owned 126,176 shares of the company's stock, valued at $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. 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 business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the sale, the chief financial officer directly owned 18,594 shares in the company, valued at $13,469,493.60. The trade was a 28.64% 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 over the last 90 days. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Down 0.1%

Shares of GS stock traded down $0.79 during mid-day trading on Wednesday, reaching $731.19. The stock had a trading volume of 1,812,986 shares, compared to its average volume of 2,027,323. The stock's 50-day moving average price is $665.10 and its two-hundred day moving average price is $608.80. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $737.88. The firm has a market capitalization of $224.36 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) 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 13.84%. The firm had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. During the same quarter in the previous year, the company earned $8.62 earnings per share. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. Equities analysts expect 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 business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors 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 annualized dividend and a dividend yield of 2.19%. 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%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Barclays reduced their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. JMP Securities reiterated 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. Finally, Evercore ISI set a $715.00 price objective on shares of The Goldman Sachs Group and gave the company an "outperform" rating in a research note on Thursday, July 10th. One 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $660.00.

About The Goldman Sachs Group

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.