Smartleaf Asset Management LLC Has $2.44 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

Smartleaf Asset Management LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,490 shares of the investment management company’s stock after selling 90 shares during the quarter. Smartleaf Asset Management LLC’s holdings in The Goldman Sachs Group were worth $2,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of The Goldman Sachs Group by 4.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 96,925 shares of the investment management company’s stock valued at $52,949,000 after acquiring an additional 4,518 shares during the last quarter. Haverford Trust Co raised its stake in shares of The Goldman Sachs Group by 4.2% in the first quarter. Haverford Trust Co now owns 3,446 shares of the investment management company’s stock valued at $1,883,000 after acquiring an additional 140 shares during the last quarter. Trinity Legacy Partners LLC raised its stake in shares of The Goldman Sachs Group by 133.3% in the first quarter. Trinity Legacy Partners LLC now owns 5,848 shares of the investment management company’s stock valued at $3,531,000 after acquiring an additional 3,341 shares during the last quarter. Douglass Winthrop Advisors LLC raised its stake in shares of The Goldman Sachs Group by 0.8% in the first quarter. Douglass Winthrop Advisors LLC now owns 4,614 shares of the investment management company’s stock valued at $2,521,000 after acquiring an additional 36 shares during the last quarter. Finally, Sax Wealth Advisors LLC raised its stake in shares of The Goldman Sachs Group by 31.1% in the first quarter. Sax Wealth Advisors LLC now owns 1,332 shares of the investment management company’s stock valued at $728,000 after acquiring an additional 316 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the company an “outperform” rating in a research note on Thursday, July 10th. JMP Securities reiterated a “market perform” rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Zacks Research upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Finally, 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 report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $660.00.

Insider Buying and Selling at The Goldman Sachs Group

In other 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 directly owned 126,176 shares of the company’s stock, valued at $89,876,426.56. This trade represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction 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 transaction, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,079 shares of company stock valued at $14,423,221. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $741.8440 on Friday. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $749.05. The stock has a market cap of $224.57 billion, a PE ratio of 16.35, a PEG ratio of 1.52 and a beta of 1.38. 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’s 50 day moving average price is $705.56 and its two-hundred day moving average price is $620.87.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $14.58 billion for the quarter, compared to analysts’ expectations of $13.53 billion. During the same period last year, the firm earned $8.62 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is a boost 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 payout ratio is 35.26%.

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.