Founders Financial Alliance LLC Has $399,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Founders Financial Alliance LLC cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 881 shares of the investment management company’s stock after selling 60 shares during the period. Founders Financial Alliance LLC’s holdings in The Goldman Sachs Group were worth $399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at about $1,903,374,000. AMF Tjanstepension AB lifted its stake in The Goldman Sachs Group by 1,102.4% in the second quarter. AMF Tjanstepension AB now owns 810,836 shares of the investment management company’s stock valued at $366,780,000 after buying an additional 743,402 shares during the period. Wellington Management Group LLP lifted its stake in The Goldman Sachs Group by 27.0% in the fourth quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock valued at $842,597,000 after buying an additional 464,954 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of The Goldman Sachs Group by 7,932.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 444,285 shares of the investment management company’s stock worth $200,959,000 after buying an additional 438,754 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of The Goldman Sachs Group by 878.8% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 397,082 shares of the investment management company’s stock worth $179,608,000 after buying an additional 356,512 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on GS. Citigroup raised their price target 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. Wells Fargo & Company boosted their target price on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. BMO Capital Markets increased their price target on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $464.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, Morgan Stanley upped their target price on The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus price target of $496.44.

Insider Buying and Selling

In related 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 sale, the insider now 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 link. 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 of the company’s stock, valued at $6,119,949.05. The sale 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 firm’s stock in a transaction 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 completion of the sale, the director now directly owns 12,450 shares of the company’s stock, valued at $6,287,748. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Stock Down 0.9 %

The Goldman Sachs Group stock opened at $490.41 on Wednesday. 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 stock has a market cap of $158.14 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $517.26. The firm’s 50-day simple moving average is $492.37 and its 200 day simple moving average is $460.46.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $12.60 billion. Research analysts predict that The Goldman Sachs Group, Inc. will post 35.43 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.45%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date was Friday, August 30th. The Goldman Sachs Group’s payout ratio is presently 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.