Czech National Bank Increases Holdings in The Goldman Sachs Group, Inc. $GS

Czech National Bank boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,002 shares of the investment management company’s stock after acquiring an additional 3,332 shares during the quarter. Czech National Bank’s holdings in The Goldman Sachs Group were worth $53,083,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt increased its stake in The Goldman Sachs Group by 98.9% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 65,345 shares of the investment management company’s stock worth $46,248,000 after acquiring an additional 32,489 shares during the last quarter. Sandy Cove Advisors LLC grew its stake in shares of The Goldman Sachs Group by 4.4% in the second quarter. Sandy Cove Advisors LLC now owns 893 shares of the investment management company’s stock valued at $632,000 after buying an additional 38 shares in the last quarter. Parisi Gray Wealth Management grew its stake in shares of The Goldman Sachs Group by 2.5% in the second quarter. Parisi Gray Wealth Management now owns 5,983 shares of the investment management company’s stock valued at $4,235,000 after buying an additional 145 shares in the last quarter. Davis Investment Partners LLC grew its stake in shares of The Goldman Sachs Group by 4.7% in the second quarter. Davis Investment Partners LLC now owns 940 shares of the investment management company’s stock valued at $664,000 after buying an additional 42 shares in the last quarter. Finally, Atwood & Palmer Inc. grew its stake in shares of The Goldman Sachs Group by 40,225.6% in the second quarter. Atwood & Palmer Inc. now owns 33,067 shares of the investment management company’s stock valued at $23,403,000 after buying an additional 32,985 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GS. Wells Fargo & Company lifted their price objective on The Goldman Sachs Group from $650.00 to $785.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Hsbc Global Res cut The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. HSBC reissued a “reduce” rating and set a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $660.00.

Insiders Place Their Bets

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

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $787.29 on Tuesday. The firm’s fifty day simple moving average is $730.38 and its 200-day simple moving average is $632.90. The stock has a market capitalization of $238.33 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.64 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $793.17. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate of $9.82 by $1.09. The firm had revenue of $14.58 billion during 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 revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business earned $8.62 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.0%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.26%.

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.