Autumn Glory Partners LLC Invests $206,000 in The Goldman Sachs Group, Inc. $GS

Autumn Glory Partners LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the second quarter, Holdings Channel.com reports. The institutional investor bought 291 shares of the investment management company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GS. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of The Goldman Sachs Group during the first quarter worth $25,000. Dogwood Wealth Management LLC boosted its holdings in The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. American Capital Advisory LLC acquired a new stake in The Goldman Sachs Group during the 1st quarter worth about $29,000. Cornerstone Planning Group LLC raised its stake in shares of The Goldman Sachs Group by 46.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company’s stock valued at $38,000 after buying an additional 23 shares during the last quarter. Finally, Ridgewood Investments LLC lifted its holdings in shares of The Goldman Sachs Group by 45.9% in the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after buying an additional 17 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the transaction, the chief operating officer owned 106,268 shares in the company, valued at $79,755,196.68. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Denis P. Coleman sold 7,463 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 18,594 shares of the company’s stock, valued at $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $790.32 on Monday. The stock has a market capitalization of $239.25 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.64 and a beta of 1.42. The company’s fifty day moving average price is $755.05 and its 200 day moving average price is $656.38. 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 Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping 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 company had revenue of $14.58 billion during the quarter, compared to analysts’ expectations of $13.53 billion. During the same period in the prior year, the business posted $8.62 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were paid a $4.00 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s dividend payout ratio is 35.26%.

Wall Street Analyst Weigh In

Several research firms recently commented on GS. Citizens Jmp reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Saturday, September 27th. Evercore ISI lifted their target price on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Keefe, Bruyette & Woods boosted their target price on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a “market perform” rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Five analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $717.00.

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.