Rise Advisors LLC Decreases Stock Position in The Goldman Sachs Group, Inc. $GS

Rise Advisors LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 656 shares of the investment management company’s stock after selling 48 shares during the quarter. Rise Advisors LLC’s holdings in The Goldman Sachs Group were worth $464,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GS. Brighton Jones LLC raised its holdings in The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC raised its holdings in The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after buying an additional 58 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $583,000. Highview Capital Management LLC DE increased its stake in The Goldman Sachs Group by 4.7% in the fourth quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company’s stock worth $2,186,000 after purchasing an additional 171 shares during the period. Finally, Strategic Wealth Partners Ltd. increased its stake in The Goldman Sachs Group by 22.0% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 25,410 shares of the investment management company’s stock worth $14,550,000 after purchasing an additional 4,589 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, COO John E. Waldron sold 9,000 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares of the company’s stock, valued at $79,755,196.68. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total value of $4,310,079.12. Following the sale, the executive vice president directly owned 65,761 shares in the company, valued at approximately $47,176,283.79. The trade was a 8.37% 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 in the last three months. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent analyst reports. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Wells Fargo & Company increased their target price on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Citigroup increased their target price on 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. Finally, Citizens Jmp reiterated a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $660.00.

The Goldman Sachs Group Price Performance

GS opened at $780.87 on Monday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $793.17. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The business’s fifty day simple moving average is $728.85 and its 200-day simple moving average is $631.75. The company has a market capitalization of $236.38 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.64 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating 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 the consensus estimate 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% compared to the same quarter last year. On average, equities research analysts anticipate 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. Investors of record on Friday, August 29th will be given 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 2.0%. The Goldman Sachs Group’s dividend payout ratio is 35.26%.

About The Goldman Sachs Group

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.