Larson Financial Group LLC owns $619,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Larson Financial Group LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 78.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,368 shares of the investment management company’s stock after buying an additional 601 shares during the period. Larson Financial Group LLC’s holdings in The Goldman Sachs Group were worth $619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have recently modified their positions in GS. First Personal Financial Services bought a new position in Goldman Sachs Group in the first quarter valued at about $25,000. First United Bank & Trust bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $26,000. POM Investment Strategies LLC purchased a new stake in shares of The Goldman Sachs Group in the second quarter valued at $26,000. Versant Capital Management Inc raised its holdings in The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 31 shares during the period. Institutional investors own 71.21% of the company’s shares.

The Wall Street analyst weighs in

A number of brokerages have recently commented on GS. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Citigroup upped their target price on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Barclays raised their target price on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Morgan Stanley boosted their price objective on shares of 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. Finally, 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 report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $495.94.

Read our latest report on the Goldman Sachs Group

Indoor activity

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other Goldman Sachs Group 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 transaction, 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 filing with the SEC, which is available on the SEC’s website. Also, 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 sale, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,013,500 shares of company stock worth $32,181,365. 0.54% of shares are owned by company insiders.

Goldman Sachs Group Stock Performance

GS opened at $487.80 on Friday. The company’s 50-day simple moving average is $488.78, and its 200-day simple moving average is $447.10. Goldman Sachs Group, Inc. it 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 firm has a market cap of $157.30 billion, a PE ratio of 19.05, a PEG ratio of 0.79 and a beta of 1.36.

Goldman Sachs Group (NYSE:GS – Get Free Report ) last announced its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The company had revenue of $12.73 billion for the quarter, compared to analysts’ expectations of $12.60 billion. As a group, sell-side analysts expect The Goldman Sachs Group, Inc. to post 35.07 earnings per share for the current fiscal year.

Goldman Sachs Group increased dividends

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 dividend of $3.00 per share. The ex-dividend date is Friday, August 30. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents an annualized dividend of $12.00 and a dividend yield of 2.46%. Goldman Sachs Group’s payout ratio is currently 46.86%.

Goldman Sachs Group Company Profile

(Free report)

Goldman Sachs Group, Inc, a financial institution, provides a wide range of financial services to 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 loans and acquisition financing, as well as secured loans, through structured credit and asset-backed loans and involved in financing under securities resale agreements.

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