Capital Wealth Planning LLC lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,112,060 shares of the investment management company’s stock after selling 81,341 shares during the quarter. The Goldman Sachs Group makes up 5.3% of Capital Wealth Planning LLC’s holdings, making the stock its 4th largest holding. Capital Wealth Planning LLC owned about 0.34% of The Goldman Sachs Group worth $503,007,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of GS. First Personal Financial Services purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter worth $25,000. POM Investment Strategies LLC purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth $26,000. Headlands Technologies LLC purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth $27,000. Versant Capital Management Inc lifted its holdings in shares of The Goldman Sachs Group by 106.3% in the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after buying an additional 34 shares during the period. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of The Goldman Sachs Group by 103.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock worth $28,000 after buying an additional 31 shares during the period. Institutional investors own 71.21% of the company’s stock.
The Goldman Sachs Group Price Performance
Shares of NYSE GS opened at $478.99 on Monday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $154.46 billion, a PE ratio of 18.70, a P/E/G ratio of 0.73 and a beta of 1.36. The business has a 50-day simple moving average of $490.33 and a two-hundred day simple moving average of $451.61. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $517.26.
The Goldman Sachs Group Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.51%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on GS. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Barclays upped their target price on The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. UBS Group upped their price objective on The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Morgan Stanley raised their price objective on The Goldman Sachs Group from $513.00 to $561.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $496.44.
View Our Latest Stock Report on The Goldman Sachs Group
Insider Transactions at The Goldman Sachs Group
In other news, Director Thomas K. Montag sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now directly owns 12,450 shares in the company, valued at $6,287,748. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the transaction, the insider now directly owns 12,095 shares in the company, valued at $6,119,949.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the transaction, the director now owns 12,450 shares of the company’s stock, valued at $6,287,748. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.
The Goldman Sachs Group 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.
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