Marietta Wealth Management LLC boosted its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 7.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,813 shares of the investment management company’s stock after purchasing an additional 875 shares during the period. Goldman Sachs Group accounts for about 1.4% of Marietta Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding. Marietta Wealth Management LLC’s holdings in Goldman Sachs Group were worth $2,826,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. First Mercantile Trust Co. bought a new position in shares of Goldman Sachs Group during the second quarter worth approximately $110,000. Crewe Advisors LLC increased its stake in shares of Goldman Sachs Group by 65.5% during the first quarter. Crewe Advisors LLC now owns 581 shares of the investment management company’s stock worth $146,000 after purchasing an additional 230 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in shares of Goldman Sachs Group during the first quarter worth approximately $151,000. Squar Milner Financial Services LLC bought a new position in shares of Goldman Sachs Group during the second quarter worth approximately $157,000. Finally, Bedel Financial Consulting Inc. bought a new position in shares of Goldman Sachs Group during the first quarter worth approximately $161,000. 72.37% of the stock is owned by hedge funds and other institutional investors.

In other Goldman Sachs Group news, insider David M. Solomon sold 8,488 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $237.92, for a total transaction of $2,019,464.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David M. Solomon sold 8,382 shares of the firm’s stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $232.08, for a total value of $1,945,294.56. The disclosure for this sale can be found here. 1.71% of the stock is owned by company insiders.

Goldman Sachs Group stock opened at $233.38 on Friday. Goldman Sachs Group Inc has a one year low of $214.64 and a one year high of $275.31. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $86.69 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 0.72 and a beta of 1.31.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, July 17th. The investment management company reported $5.98 EPS for the quarter, topping the Zacks’ consensus estimate of $4.66 by $1.32. Goldman Sachs Group had a return on equity of 13.58% and a net margin of 15.72%. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $8.74 billion. During the same quarter last year, the company earned $3.95 EPS. The company’s revenue was up 19.2% on a year-over-year basis. equities research analysts expect that Goldman Sachs Group Inc will post 24.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Thursday, August 30th will be paid a dividend of $0.80 per share. The ex-dividend date is Wednesday, August 29th. This represents a $3.20 dividend on an annualized basis and a yield of 1.37%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 16.19%.

GS has been the topic of a number of recent research reports. Oppenheimer increased their target price on Goldman Sachs Group from $304.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $260.00 target price on the stock in a research note on Tuesday, June 19th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $280.00 target price on shares of Goldman Sachs Group in a research note on Tuesday, July 17th. ValuEngine lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Finally, Keefe, Bruyette & Woods lowered their target price on Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating on the stock in a research note on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $273.41.

Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

See Also: Fundamental Analysis

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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