The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Berger Financial Group Inc

Berger Financial Group Inc raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,375 shares of the investment management company’s stock after acquiring an additional 41 shares during the period. Berger Financial Group Inc’s holdings in The Goldman Sachs Group were worth $751,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Deutsche Bank AG increased its position in shares of The Goldman Sachs Group by 15.4% during the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company’s stock valued at $594,412,000 after acquiring an additional 138,198 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $321,000. Blueshift Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 161.8% in the first quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock valued at $576,000 after purchasing an additional 652 shares during the period. Adams Diversified Equity Fund Inc. boosted its stake in shares of The Goldman Sachs Group by 41.5% in the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company’s stock valued at $27,205,000 after purchasing an additional 14,600 shares during the period. Finally, Terra Nova Asset Management LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $1,643,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Evercore ISI set a $715.00 price objective on shares of The Goldman Sachs Group and gave the company an “outperform” rating in a research note on Thursday, July 10th. JMP Securities reissued a “market perform” rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research note on Monday, July 14th. HSBC reissued a “reduce” rating and issued a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Wells Fargo & Company raised their price objective on shares of 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. Finally, Citigroup lifted their price target on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $660.00.

Read Our Latest Research Report on The Goldman Sachs Group

Insiders Place Their Bets

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the firm’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 transaction of $4,310,079.12. Following the sale, the executive vice president owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the sale, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,079 shares of company stock valued at $14,423,221. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 0.3%

GS stock opened at $721.76 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.68 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $737.88. The company’s 50 day moving average is $681.52 and its two-hundred day moving average is $614.22. The stock has a market cap of $218.49 billion, a P/E ratio of 15.90, a PEG ratio of 1.53 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $14.58 billion for the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter last year, the company earned $8.62 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal 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 issued a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio is 26.44%.

The Goldman Sachs Group Profile

(Free Report)

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.

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

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