Oppenheimer Asset Management Inc. buy 1,046 shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Oppenheimer Asset Management Inc. increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,311 shares of the investment management company’s stock after acquiring an additional 1,046 shares during the period. The holdings of Oppenheimer Asset Management Inc. in The Goldman Sachs Group were worth $4,664,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Personal Financial Services bought a new stake in The Goldman Sachs Group in the first quarter valued at $25,000. POM Investment Strategies LLC bought a new stake in The Goldman Sachs Group in the second quarter valued at $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group in the second quarter valued at $27,000. Versant Capital Management Inc raised its stake 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 period. Finally, SJS Investment Consulting Inc. raised its stake in The Goldman Sachs Group by 103.3% during 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. 71.21% of shares are held by institutional investors.

Goldman Sachs Group shares rose 1.0%

GS opened at $478.99 on Monday. The company has a market cap of $154.46 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.73 and a beta of 1.36. The company’s 50-day moving average price is $490.33 and its 200-day moving average price is $451.61. The company has a current ratio of 0.72, a quick ratio of 0.72, and a debt-to-equity ratio of 2.20. Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $517.26.

Goldman Sachs Group (NYSE:GS – Get Free Report ) 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 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 the consensus estimate of $12.60 billion. On average, equities analysts expect The Goldman Sachs Group, Inc. to record 35.5 EPS for the current year.

Goldman Sachs Group increased dividends

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be issued a dividend of $3.00 per share. This represents a dividend of $12.00 on an annualized basis and a yield of 2.51%. The ex-dividend date is Friday, August 30. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $2.75. Goldman Sachs Group’s payout ratio is currently 46.86%.

Analysts set new price targets

GS has been the subject of several research analyst reports. Citigroup lifted their price objective on 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. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. BMO Capital Markets raised their target price on Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. Morgan Stanley lifted their price target on The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $464.00 to $472.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $496.44, according to MarketBeat.

Get our latest analysis on GS

Insider work at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the transaction, the insider now owns 12,095 shares in the company, valued at approximately $6,119,949.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In other Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible via this hyperlink. Also, insider Brian J. Lee sold 3,500 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 $505.99, for a total value of $1,770,965.00. Following the sale, the insider now directly 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 shares are owned by company insiders.

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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