Operose Advisors LLC Acquires 84 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Operose Advisors LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,459 shares of the investment management company’s stock after purchasing an additional 84 shares during the period. Operose Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GS. Independent Advisor Alliance increased its position in shares of The Goldman Sachs Group by 3.3% during the first quarter. Independent Advisor Alliance now owns 7,254 shares of the investment management company’s stock valued at $3,963,000 after acquiring an additional 233 shares in the last quarter. First American Trust FSB increased its position in shares of The Goldman Sachs Group by 8.2% during the first quarter. First American Trust FSB now owns 20,720 shares of the investment management company’s stock valued at $11,320,000 after acquiring an additional 1,562 shares in the last quarter. SouthState Corp increased its position in shares of The Goldman Sachs Group by 36.3% during the first quarter. SouthState Corp now owns 4,022 shares of the investment management company’s stock valued at $2,197,000 after acquiring an additional 1,072 shares in the last quarter. Lockheed Martin Investment Management Co. bought a new stake in shares of The Goldman Sachs Group during the first quarter valued at approximately $2,731,000. Finally, Nuveen LLC bought a new stake in shares of The Goldman Sachs Group during the first quarter valued at approximately $897,185,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.3%

Shares of The Goldman Sachs Group stock opened at $721.76 on Monday. The company’s fifty day simple moving average is $681.52 and its 200-day simple moving average is $614.05. The stock has a market capitalization of $218.49 billion, a PE ratio of 15.90, a P/E/G ratio of 1.53 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $737.88. 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 issued 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 business had revenue of $14.58 billion for the quarter, compared to analysts’ expectations of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $8.62 EPS. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a dividend of $4.00 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio is presently 26.44%.

Insider Activity at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the transaction, the chief executive officer owned 126,176 shares in the company, valued at approximately $89,876,426.56. The trade was a 4.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction on Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the transaction, the chief financial officer owned 18,594 shares in the company, valued at approximately $13,469,493.60. This trade represents a 28.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,079 shares of company stock worth $14,423,221. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GS shares. Barclays reduced their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. JMP Securities reissued a “market perform” rating and set a $600.00 price target on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. Evercore ISI set a $715.00 price target on shares of The Goldman Sachs Group and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, Hsbc Global Res cut shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $660.00.

The Goldman Sachs Group 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.