308 Shares in The Goldman Sachs Group, Inc. $GS Bought by Detalus Advisors LLC

Detalus Advisors LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 308 shares of the investment management company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd bought a new position in The Goldman Sachs Group in the first quarter valued at about $25,000. Dogwood Wealth Management LLC lifted its stake in The Goldman Sachs Group by 1,800.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group in the 1st quarter valued at approximately $29,000. Cornerstone Planning Group LLC increased its position in shares of The Goldman Sachs Group by 46.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company’s stock worth $38,000 after purchasing an additional 23 shares during the last quarter. Finally, Ridgewood Investments LLC increased its position in shares of The Goldman Sachs Group by 45.9% during the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after purchasing an additional 17 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Down 1.0%

Shares of NYSE:GS opened at $788.56 on Wednesday. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $825.25. The firm has a market capitalization of $238.71 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.64 and a beta of 1.42. The stock has a 50 day moving average price of $757.63 and a 200-day moving average price of $658.90. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.62 EPS. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a dividend of $4.00 per share. The ex-dividend date was Friday, August 29th. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.26%.

Insider Transactions at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 6,008 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the transaction, the executive vice president owned 65,761 shares of the company’s stock, valued at $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at $89,876,426.56. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Saturday, September 27th. BMO Capital Markets began coverage on The Goldman Sachs Group in a research note on Friday, October 3rd. They set a “market perform” rating and a $785.00 target price for the company. HSBC increased their price target on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Finally, Evercore ISI raised their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Five research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average target price of $727.31.

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.