470 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by WBH Advisory Inc.

WBH Advisory Inc. acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 470 shares of the investment management company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors grew its position in The Goldman Sachs Group by 6.0% during the 4th quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock valued at $2,319,470,000 after purchasing an additional 338,181 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 2.8% during the fourth quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock valued at $2,128,693,000 after buying an additional 152,474 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of The Goldman Sachs Group by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock valued at $2,004,153,000 after acquiring an additional 27,524 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in The Goldman Sachs Group by 5.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock worth $1,910,897,000 after acquiring an additional 274,989 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in The Goldman Sachs Group by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 4,895,928 shares of the investment management company’s stock valued at $2,044,980,000 after acquiring an additional 141,538 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $0.73 on Friday, reaching $486.50. The company’s stock had a trading volume of 173,345 shares, compared to its average volume of 2,346,176. The stock’s fifty day simple moving average is $470.49 and its 200-day simple moving average is $431.00. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $517.26. The company has a market capitalization of $156.88 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 0.99 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, beating analysts’ consensus estimates of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.26%. The firm had revenue of $12.73 billion during the quarter, compared to the consensus estimate of $12.60 billion. Analysts forecast that The Goldman Sachs Group, Inc. will post 36.74 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 Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, August 30th. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s dividend payout ratio (DPR) is 46.86%.

Analysts Set New Price Targets

A number of analysts have recently commented on GS shares. Wells Fargo & Company lifted their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Morgan Stanley lifted their price objective on The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Evercore ISI raised their target price on The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus price target of $495.94.

Insider Buying and Selling

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the sale, the insider now owns 12,095 shares in the company, valued at $6,119,949.05. The disclosure for this sale can be found here. Insiders have sold 4,013,500 shares of company stock valued at $32,181,365 in the last ninety days. 0.54% of the stock is owned by company insiders.

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.