The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Catalina Capital Group LLC

Catalina Capital Group LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 85.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,598 shares of the investment management company’s stock after buying an additional 734 shares during the period. Catalina Capital Group LLC’s holdings in The Goldman Sachs Group were worth $667,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in The Goldman Sachs Group by 13.7% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock valued at $64,291,000 after purchasing an additional 20,018 shares during the period. HTLF Bank acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $850,000. Apexium Financial LP grew its stake in The Goldman Sachs Group by 7.1% during the 4th quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock valued at $2,188,000 after acquiring an additional 378 shares in the last quarter. Wealth Alliance increased its holdings in shares of The Goldman Sachs Group by 17.3% in the 4th quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock valued at $399,000 after purchasing an additional 153 shares during the period. Finally, Trueblood Wealth Management LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth approximately $989,000. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the insider now directly owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Stock Up 1.3 %

NYSE GS traded up $6.01 during trading on Wednesday, hitting $478.84. The stock had a trading volume of 1,944,410 shares, compared to its average volume of 2,289,395. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $479.86. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74. The company’s 50-day moving average price is $455.83 and its two-hundred day moving average price is $415.39. The company has a market capitalization of $154.41 billion, a PE ratio of 18.70, a P/E/G ratio of 0.94 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same period in the prior year, the business posted $8.79 EPS. The company’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 36.63 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid a dividend of $2.75 per share. The ex-dividend date was Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.30%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Citigroup raised their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. JMP Securities boosted their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Wells Fargo & Company increased their price objective on The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a research report on Tuesday, April 16th. Finally, BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $450.62.

View Our Latest Stock Report on The Goldman Sachs Group

About The Goldman Sachs Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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