Zuckerman Investment Group LLC Has $640,000 Stock Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Zuckerman Investment Group LLC increased its stake in The Goldman Sachs Group by 105.1% during the first quarter, bringing its holdings to a total value of $640,000.
• The Goldman Sachs Group reported $10.91 earnings per share for the last quarter, exceeding analysts' expectations of $9.82, along with a revenue of $14.58 billion.
• The company is increasing its dividend to $4.00 per share, which represents an annual yield of 2.2%, up from the previous quarterly dividend of $3.00.

Zuckerman Investment Group LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 105.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,171 shares of the investment management company's stock after buying an additional 600 shares during the quarter. Zuckerman Investment Group LLC's holdings in The Goldman Sachs Group were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its stake in The Goldman Sachs Group by 15.4% in the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock valued at $594,412,000 after buying an additional 138,198 shares during the period. Clear Creek Financial Management LLC acquired a new position in The Goldman Sachs Group in the first quarter valued at about $321,000. Blueshift Asset Management LLC lifted its stake in The Goldman Sachs Group by 161.8% in the first quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company's stock valued at $576,000 after buying an additional 652 shares during the period. Adams Diversified Equity Fund Inc. lifted its stake in The Goldman Sachs Group by 41.5% in the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock valued at $27,205,000 after buying an additional 14,600 shares during the period. Finally, Terra Nova Asset Management LLC acquired a new position in The Goldman Sachs Group in the first quarter valued at about $1,643,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $738.6370 on Tuesday. The stock has a 50 day simple moving average of $707.78 and a 200 day simple moving average of $621.03. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The stock has a market cap of $223.60 billion, a P/E ratio of 16.28, a PEG ratio of 1.58 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $749.05.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $8.62 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.2%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is 35.26%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group 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 transaction, the chief executive officer directly 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the transaction, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $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 a total of 20,079 shares of company stock valued at $14,423,221 over the last ninety days. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on GS. Citigroup increased their price objective on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. HSBC restated a "reduce" rating and issued a $627.00 price target (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. JMP Securities restated a "market perform" rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company raised their price target on The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $660.00.

The Goldman Sachs Group Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.