The Goldman Sachs Group, Inc. $GS Shares Bought by Aureus Asset Management LLC

Aureus Asset Management LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 478.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,603 shares of the investment management company’s stock after buying an additional 2,153 shares during the quarter. Aureus Asset Management LLC’s holdings in The Goldman Sachs Group were worth $2,202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GS. Levin Capital Strategies L.P. boosted its stake in shares of The Goldman Sachs Group by 912.6% during the 1st quarter. Levin Capital Strategies L.P. now owns 8,101 shares of the investment management company’s stock worth $6,853,000 after purchasing an additional 7,301 shares during the last quarter. NewEdge Wealth LLC increased its position in The Goldman Sachs Group by 6.9% during the first quarter. NewEdge Wealth LLC now owns 26,025 shares of the investment management company’s stock worth $22,017,000 after purchasing an additional 1,675 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in The Goldman Sachs Group by 8.1% during the first quarter. First Citizens Bank & Trust Co. now owns 3,976 shares of the investment management company’s stock worth $3,364,000 after purchasing an additional 297 shares during the period. Marin Bay Wealth Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 18.2% in the 1st quarter. Marin Bay Wealth Advisors LLC now owns 700 shares of the investment management company’s stock valued at $592,000 after purchasing an additional 108 shares during the last quarter. Finally, Chase Investment Counsel Corp boosted its holdings in shares of The Goldman Sachs Group by 6.8% in the 1st quarter. Chase Investment Counsel Corp now owns 11,615 shares of the investment management company’s stock valued at $9,826,000 after purchasing an additional 738 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, the chief financial officer directly owned 31,070 shares in the company, valued at $30,248,198.50. The trade was a 18.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total value of $9,571,380.17. Following the completion of the transaction, the chief accounting officer directly owned 6,338 shares in the company, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,450 shares of company stock worth $29,668,201 in the last 90 days. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $1,098.86 on Thursday. The Goldman Sachs Group, Inc. has a 12-month low of $694.05 and a 12-month high of $1,153.99. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.11 and a quick ratio of 0.63. The company has a market capitalization of $324.17 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.10 and a beta of 1.30. The firm’s fifty day moving average price is $1,043.02 and its 200 day moving average price is $950.03.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 15.53%.The company had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. During the same period last year, the firm earned $10.91 earnings per share. The company’s revenue was up 39.4% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 68.83 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be issued a $5.00 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.78%.

Analyst Ratings Changes

A number of analysts have recently commented on GS shares. Dbs Bank upped their price objective on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Citigroup lifted their price objective on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Daiwa Securities Group increased their target price on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada restated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Finally, Zacks Research raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $1,061.43.

View Our Latest Research Report on The Goldman Sachs Group

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The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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

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