The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Talbot Financial LLC

Talbot Financial LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 9.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,254 shares of the investment management company’s stock after acquiring an additional 3,522 shares during the quarter. The Goldman Sachs Group makes up 2.2% of Talbot Financial LLC’s portfolio, making the stock its 12th biggest holding. Talbot Financial LLC’s holdings in The Goldman Sachs Group were worth $16,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. First United Bank & Trust purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at about $26,000. Versant Capital Management Inc raised its stake in The Goldman Sachs Group by 106.3% during the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $29,000. BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $39,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $82,299,679.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction on 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 sale, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

GS traded up $11.34 during midday trading on Monday, reaching $463.66. 1,849,665 shares of the company’s stock were exchanged, compared to its average volume of 2,297,198. The firm has a market capitalization of $149.51 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 0.91 and a beta of 1.37. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $471.48. The business has a 50-day simple moving average of $449.86 and a two-hundred day simple moving average of $411.13.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the previous year, the business posted $8.79 earnings per share. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid a dividend of $2.75 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.37%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GS shares. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a report on Tuesday, April 16th. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. JMP Securities increased their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. HSBC increased their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Bank of America increased their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $443.78.

The Goldman Sachs Group 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.