Triglav Skladi D.O.O. Purchases 6,436 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Triglav Skladi D.O.O. increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 13.9% during the first quarter, HoldingsChannel reports. The fund owned 52,887 shares of the investment management company’s stock after buying an additional 6,436 shares during the quarter. The Goldman Sachs Group comprises about 2.4% of Triglav Skladi D.O.O.’s portfolio, making the stock its 11th largest holding. Triglav Skladi D.O.O.’s holdings in The Goldman Sachs Group were worth $28,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GS. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $25,000. Mascagni Wealth Management Inc. purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $31,000. American Capital Advisory LLC bought a new stake in shares of The Goldman Sachs Group in the first quarter worth about $29,000. Transce3nd LLC bought a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. Finally, Godsey & Gibb Inc. boosted its position in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after acquiring an additional 34 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup upped their price objective on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Citizens Jmp reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Wells Fargo & Company boosted their target price 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. Hsbc Global Res lowered The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Finally, Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the stock an “outperform” rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $660.00.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the transaction, the executive vice president 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 disclosure for this sale can be found here. Insiders sold 20,079 shares of company stock valued at $14,423,221 in the last 90 days. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 3.3%

Shares of GS stock opened at $743.06 on Wednesday. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $748.14. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $224.94 billion, a PE ratio of 16.37, a PEG ratio of 1.53 and a beta of 1.38. The stock has a fifty day simple moving average of $686.71 and a two-hundred day simple moving average of $615.52.

The Goldman Sachs Group (NYSE:GS) last released 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 Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The business had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the prior year, the firm earned $8.62 EPS. The business’s revenue was up 14.5% on a year-over-year basis. On average, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS 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. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.2%. The Goldman Sachs Group’s payout ratio is currently 26.44%.

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.