Oarsman Capital Inc. Boosts Holdings in The Goldman Sachs Group, Inc. $GS

Oarsman Capital Inc. grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.5% during the second quarter, HoldingsChannel reports. The firm owned 5,438 shares of the investment management company’s stock after buying an additional 81 shares during the period. The Goldman Sachs Group accounts for approximately 0.6% of Oarsman Capital Inc.’s holdings, making the stock its 28th largest holding. Oarsman Capital Inc.’s holdings in The Goldman Sachs Group were worth $3,849,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GS. Brighton Jones LLC raised its stake in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after purchasing an additional 508 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares during the period. Koshinski Asset Management Inc. grew its position in shares of The Goldman Sachs Group by 14.4% during the first quarter. Koshinski Asset Management Inc. now owns 1,260 shares of the investment management company’s stock worth $688,000 after buying an additional 159 shares in the last quarter. DSG Capital Advisors LLC grew its position in shares of The Goldman Sachs Group by 0.5% during the first quarter. DSG Capital Advisors LLC now owns 22,189 shares of the investment management company’s stock worth $12,122,000 after buying an additional 103 shares in the last quarter. Finally, Smith Salley Wealth Management grew its position in shares of The Goldman Sachs Group by 564.2% during the first quarter. Smith Salley Wealth Management now owns 2,411 shares of the investment management company’s stock worth $1,317,000 after buying an additional 2,048 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity

In other news, COO John E. Waldron sold 9,244 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer owned 115,268 shares of the company’s stock, valued at approximately $86,463,679.48. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on GS shares. Wall Street Zen raised shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $750.00 price target (up previously from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Royal Bank Of Canada reissued a “neutral” rating and set a $843.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. HSBC raised their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Finally, Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $779.50.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $792.69 on Wednesday. The company has a market cap of $239.96 billion, a PE ratio of 16.10, a P/E/G ratio of 1.45 and a beta of 1.42. The company has a fifty day moving average price of $770.18 and a two-hundred day moving average price of $685.52. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.40 earnings per share. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is 32.50%.

The Goldman Sachs Group Company 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.