Baron Silver Stevens Financial Advisors LLC Invests $288,000 in The Goldman Sachs Group, Inc. $GS

Baron Silver Stevens Financial Advisors LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the second quarter, Holdings Channel reports. The institutional investor purchased 407 shares of the investment management company’s stock, valued at approximately $288,000.

A number of other institutional investors have also recently bought and sold shares of the business. Covenant Asset Management LLC grew its stake in The Goldman Sachs Group by 517.2% during the 2nd quarter. Covenant Asset Management LLC now owns 6,178 shares of the investment management company’s stock valued at $4,372,000 after acquiring an additional 5,177 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in The Goldman Sachs Group by 2.3% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 7,910 shares of the investment management company’s stock valued at $5,598,000 after purchasing an additional 180 shares in the last quarter. Enclave Advisors LLC grew its position in The Goldman Sachs Group by 3.6% during the second quarter. Enclave Advisors LLC now owns 758 shares of the investment management company’s stock valued at $536,000 after purchasing an additional 26 shares in the last quarter. Generate Investment Management Ltd increased its stake in The Goldman Sachs Group by 365.4% in the 2nd quarter. Generate Investment Management Ltd now owns 20,572 shares of the investment management company’s stock valued at $14,560,000 after buying an additional 16,152 shares during the period. Finally, Sound Income Strategies LLC lifted its position in The Goldman Sachs Group by 175.8% in the 2nd quarter. Sound Income Strategies LLC now owns 182 shares of the investment management company’s stock worth $129,000 after buying an additional 116 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $802.91 on Monday. The business’s 50-day simple moving average is $747.32 and its 200-day simple moving average is $648.04. 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 Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25. The firm has a market cap of $243.06 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 1.67 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (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 firm had revenue of $14.58 billion during the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter in the prior year, the business earned $8.62 earnings per share. The company’s revenue was up 14.5% on a year-over-year basis. As a group, equities research analysts expect 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 company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders 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 represents a $16.00 dividend on an annualized basis and a yield of 2.0%. This is a positive change 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%.

Insiders Place Their Bets

In other news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at approximately $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GS has been the topic of several research analyst reports. Morgan Stanley boosted 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. Hsbc Global Res downgraded The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Finally, JMP Securities restated a “market perform” rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a report on Monday, July 14th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $665.00.

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.