The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Lmcg Investments LLC

Lmcg Investments LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.9% during the second quarter, Holdings Channel.com reports. The fund owned 49,651 shares of the investment management company’s stock after purchasing an additional 444 shares during the period. The Goldman Sachs Group accounts for about 1.3% of Lmcg Investments LLC’s holdings, making the stock its 13th biggest holding. Lmcg Investments LLC’s holdings in The Goldman Sachs Group were worth $22,458,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI grew its position in The Goldman Sachs Group by 2,817.1% in the second quarter. Citizens Financial Group Inc. RI now owns 37,747 shares of the investment management company’s stock worth $17,074,000 after buying an additional 36,453 shares during the last quarter. One Capital Management LLC acquired a new position in The Goldman Sachs Group in the 2nd quarter valued at approximately $243,000. Sierra Summit Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 19.5% during the 2nd quarter. Sierra Summit Advisors LLC now owns 955 shares of the investment management company’s stock valued at $432,000 after buying an additional 156 shares during the period. Dimensional Fund Advisors LP increased its position in The Goldman Sachs Group by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,117,311 shares of the investment management company’s stock worth $957,684,000 after purchasing an additional 68,141 shares during the last quarter. Finally, Waycross Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 10.7% during the 2nd quarter. Waycross Partners LLC now owns 44,993 shares of the investment management company’s stock valued at $20,351,000 after buying an additional 4,331 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $485.16 on Tuesday. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $517.26. 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 stock has a market capitalization of $156.45 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 0.73 and a beta of 1.36. The firm has a fifty day moving average of $490.74 and a two-hundred day moving average of $452.29.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share (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 the consensus estimate of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 35.5 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.47%. This is a positive change 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 payout ratio is 46.86%.

Insider Transactions at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction 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 sale, the insider now owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the completion of the sale, the director now owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the sale, the insider now owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Citigroup lifted their price objective on The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Oppenheimer raised their price objective on shares of The Goldman Sachs Group from $504.00 to $559.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.