Larson Financial Group LLC Has $619,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Larson Financial Group LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 78.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,368 shares of the investment management company’s stock after buying an additional 601 shares during the period. Larson Financial Group LLC’s holdings in The Goldman Sachs Group were worth $619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GS. First Personal Financial Services bought a new position in The Goldman Sachs Group in the first quarter valued at approximately $25,000. First United Bank & Trust bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth $26,000. POM Investment Strategies LLC acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth $26,000. Versant Capital Management Inc increased its holdings in The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after buying an additional 31 shares during the period. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GS. Wells Fargo & Company upped their price target on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Citigroup upped their target price on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Barclays lifted their price target on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $513.00 to $561.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Finally, Evercore ISI lifted their target price on The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $495.94.

Insider Activity

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the transaction, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the sale, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,013,500 shares of company stock valued at $32,181,365. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Performance

GS opened at $487.80 on Friday. The business’s 50-day simple moving average is $488.78 and its 200 day simple moving average is $447.10. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $517.26. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $157.30 billion, a PE ratio of 19.05, a PEG ratio of 0.79 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The company had revenue of $12.73 billion for the quarter, compared to analysts’ expectations of $12.60 billion. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 35.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, August 30th. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a dividend yield of 2.46%. The Goldman Sachs Group’s payout ratio is currently 46.86%.

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.