Van Hulzen Asset Management LLC Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Van Hulzen Asset Management LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) in the first quarter, HoldingsChannel reports. The fund purchased 1,142 shares of the investment management company’s stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Golden State Wealth Management LLC increased its holdings in The Goldman Sachs Group by 3.6% in the fourth quarter. Golden State Wealth Management LLC now owns 929 shares of the investment management company’s stock valued at $355,000 after buying an additional 32 shares during the last quarter. Core Wealth Advisors Inc. boosted its stake in The Goldman Sachs Group by 1.3% in the fourth quarter. Core Wealth Advisors Inc. now owns 2,649 shares of the investment management company’s stock valued at $1,013,000 after acquiring an additional 33 shares in the last quarter. Atlas Private Wealth Advisors boosted its stake in The Goldman Sachs Group by 1.8% in the first quarter. Atlas Private Wealth Advisors now owns 1,868 shares of the investment management company’s stock valued at $617,000 after acquiring an additional 33 shares in the last quarter. Delta Financial Advisors LLC boosted its stake in The Goldman Sachs Group by 0.5% in the first quarter. Delta Financial Advisors LLC now owns 7,226 shares of the investment management company’s stock valued at $2,385,000 after acquiring an additional 33 shares in the last quarter. Finally, Peoples Financial Services CORP. boosted its stake in The Goldman Sachs Group by 0.8% in the first quarter. Peoples Financial Services CORP. now owns 4,254 shares of the investment management company’s stock valued at $1,405,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 69.08% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $331.62 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.34. The company has a market cap of $113.20 billion, a P/E ratio of 7.50, a PEG ratio of 0.75 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 52 week low of $277.84 and a 52 week high of $426.16. The company has a 50-day moving average price of $329.10 and a 200 day moving average price of $321.12.

The Goldman Sachs Group (NYSE:GSGet Rating) last announced its quarterly earnings data on Monday, July 18th. The investment management company reported $7.73 EPS for the quarter, beating analysts’ consensus estimates of $6.61 by $1.12. The Goldman Sachs Group had a net margin of 27.75% and a return on equity of 15.89%. The firm had revenue of $11.86 billion during the quarter, compared to the consensus estimate of $10.70 billion. During the same quarter last year, the firm earned $15.02 earnings per share. The firm’s revenue was down 22.9% compared to the same quarter last year. Research analysts predict that The Goldman Sachs Group, Inc. will post 34.18 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, August 10th. Shareholders of record on Tuesday, July 26th were issued a $2.50 dividend. The ex-dividend date was Monday, July 25th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 22.61%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Goldman Sachs Group Inc sold 87,974 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $24.81, for a total value of $2,182,634.94. Following the completion of the transaction, the director now directly owns 610,975 shares of the company’s stock, valued at $15,158,289.75. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Treasurer Philip R. Berlinski sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $348.62, for a total transaction of $2,788,960.00. Following the completion of the transaction, the treasurer now directly owns 13,745 shares of the company’s stock, valued at approximately $4,791,781.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Goldman Sachs Group Inc sold 87,974 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $24.81, for a total transaction of $2,182,634.94. Following the transaction, the director now directly owns 610,975 shares of the company’s stock, valued at $15,158,289.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 793,689 shares of company stock valued at $23,413,742. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GS shares. Royal Bank of Canada decreased their price objective on shares of The Goldman Sachs Group from $390.00 to $370.00 and set a “sector perform” rating for the company in a research note on Friday, July 1st. Citigroup decreased their price objective on shares of The Goldman Sachs Group from $400.00 to $360.00 in a research note on Tuesday, July 12th. Credit Suisse Group set a $415.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, July 19th. Odeon Capital Group downgraded shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Finally, BMO Capital Markets decreased their target price on shares of The Goldman Sachs Group from $475.00 to $461.00 in a research note on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $410.79.

About The Goldman Sachs Group

(Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

Further Reading

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

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