Brown Brothers Harriman & Co. Has $2 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Brown Brothers Harriman & Co. boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,417 shares of the investment management company’s stock after acquiring an additional 183 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in The Goldman Sachs Group were worth $1,998,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Aveo Capital Partners LLC increased its position in The Goldman Sachs Group by 8.2% during the fourth quarter. Aveo Capital Partners LLC now owns 697 shares of the investment management company’s stock worth $269,000 after buying an additional 53 shares during the last quarter. Financial Advocates Investment Management increased its holdings in shares of The Goldman Sachs Group by 7.3% during the 4th quarter. Financial Advocates Investment Management now owns 1,918 shares of the investment management company’s stock valued at $740,000 after acquiring an additional 130 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of The Goldman Sachs Group by 1.1% in the 4th quarter. Clearbridge Investments LLC now owns 189,162 shares of the investment management company’s stock valued at $72,973,000 after acquiring an additional 1,998 shares in the last quarter. Sachetta LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $55,000. Finally, L.M. Kohn & Company boosted its position in The Goldman Sachs Group by 6.6% during the fourth quarter. L.M. Kohn & Company now owns 1,893 shares of the investment management company’s stock worth $730,000 after purchasing an additional 117 shares during the period. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Up 1.3 %

GS opened at $485.16 on Tuesday. The company has a market capitalization of $156.45 billion, a P/E ratio of 18.94, a P/E/G ratio of 0.73 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s fifty day moving average price is $490.74 and its two-hundred day moving average price is $452.29. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $517.26.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, beating analysts’ consensus estimates of $8.52 by $0.10. The business had revenue of $12.73 billion for the quarter, compared to analysts’ expectations of $12.60 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 35.5 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a $3.00 dividend. The ex-dividend date is Friday, August 30th. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.47%. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GS shares. Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. BMO Capital Markets raised their price target on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. Oppenheimer boosted their price objective on The Goldman Sachs Group from $504.00 to $559.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $496.44.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the transaction, the insider now directly owns 12,095 shares in the company, valued at $6,119,949.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the transaction, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the sale, the insider now directly owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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.