Vigilare Wealth Management Acquires New Holdings in The Goldman Sachs Group, Inc. $GS

Vigilare Wealth Management purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,335 shares of the investment management company’s stock, valued at approximately $945,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Deltec Asset Management LLC raised its holdings in The Goldman Sachs Group by 90.0% during the 2nd quarter. Deltec Asset Management LLC now owns 1,900 shares of the investment management company’s stock worth $1,345,000 after purchasing an additional 900 shares during the last quarter. Ninety One SA PTY Ltd acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $25,283,000. Ninety One UK Ltd acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $408,780,000. Loudon Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $343,000. Finally, Lynx Investment Advisory grew its position in shares of The Goldman Sachs Group by 4.8% during the 2nd quarter. Lynx Investment Advisory now owns 439 shares of the investment management company’s stock worth $311,000 after buying an additional 20 shares during the period. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer owned 115,268 shares of the company’s stock, valued at $86,463,679.48. The trade was a 7.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the transaction, the chief financial officer directly owned 18,594 shares of the company’s stock, valued at $13,469,493.60. The trade was a 28.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock worth $28,111,828 over the last quarter. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Down 1.0%

NYSE GS opened at $796.20 on Wednesday. The stock has a market capitalization of $241.02 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.67 and a beta of 1.41. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25. 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 business’s fifty day moving average is $751.18 and its 200-day moving average is $650.88.

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

The Goldman Sachs Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GS shares. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Morgan Stanley raised their price objective on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an “equal weight” rating in a research report on Monday. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Wall Street Zen raised shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $690.27.

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.