GM Advisory Group LLC Has $268,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

GM Advisory Group LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 21.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 592 shares of the investment management company’s stock after purchasing an additional 106 shares during the quarter. GM Advisory Group LLC’s holdings in The Goldman Sachs Group were worth $268,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. First Personal Financial Services acquired a new position in shares of The Goldman Sachs Group in the first quarter worth $25,000. POM Investment Strategies LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter worth $26,000. Headlands Technologies LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter worth $27,000. Versant Capital Management Inc increased its stake in shares of 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 worth $28,000 after acquiring an additional 34 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its stake in shares of 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 worth $28,000 after acquiring an additional 31 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were 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 owns 12,095 shares in the company, valued at $6,119,949.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were 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 owns 12,095 shares in the company, valued at $6,119,949.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of the firm’s 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 transaction, the director now owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Down 1.1 %

NYSE GS opened at $498.28 on Friday. 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 50-day simple moving average of $491.96 and a 200 day simple moving average of $454.28. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $517.26. The stock has a market cap of $160.68 billion, a PE ratio of 19.46, a PEG ratio of 0.73 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, beating the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The business had revenue of $12.73 billion during the quarter, compared to analysts’ expectations of $12.60 billion. On average, research analysts forecast 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. Investors of record on Friday, August 30th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, August 30th. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GS. Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $464.00 to $472.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Barclays upped their price objective on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Citigroup upped their price objective on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $496.44.

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.