The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 13.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 26,834 shares of the investment management company’s stock after acquiring an additional 3,133 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in The Goldman Sachs Group were worth $12,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Aveo Capital Partners LLC boosted its stake in shares of The Goldman Sachs Group by 8.2% in the fourth quarter. Aveo Capital Partners LLC now owns 697 shares of the investment management company’s stock valued at $269,000 after buying an additional 53 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of The Goldman Sachs Group by 1.1% in the fourth quarter. Clearbridge Investments LLC now owns 189,162 shares of the investment management company’s stock valued at $72,973,000 after buying an additional 1,998 shares in the last quarter. Sachetta LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $55,000. Assetmark Inc. boosted its stake in shares of The Goldman Sachs Group by 33.0% in the fourth quarter. Assetmark Inc. now owns 22,882 shares of the investment management company’s stock valued at $8,827,000 after buying an additional 5,674 shares in the last quarter. Finally, Loews Corp purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $14,081,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 3,500 shares of the 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 owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the sale, the director now directly owns 12,450 shares in the company, valued at approximately $6,287,748. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value 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. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $485.39 on Wednesday. The firm has a market capitalization of $156.52 billion, a P/E ratio of 18.95, a PEG ratio of 0.73 and a beta of 1.36. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20. The stock has a fifty day moving average price of $490.99 and a 200 day moving average price of $452.97. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $517.26.

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, topping the consensus estimate of $8.52 by $0.10. The company had revenue of $12.73 billion during the quarter, compared to analyst estimates of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.5 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a $3.00 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date is Friday, August 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.47%. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

Wall Street Analyst Weigh In

A number of research firms have commented on GS. Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. JPMorgan Chase & Co. boosted their price target on The Goldman Sachs Group from $464.00 to $472.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. UBS Group boosted their price target on The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Evercore ISI boosted their price target on The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $496.44.

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.