Koshinski Asset Management Inc. Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Koshinski Asset Management Inc. raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 10.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,422 shares of the investment management company’s stock after purchasing an additional 136 shares during the quarter. Koshinski Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $422,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GS. Vanguard Group Inc. grew its position in shares of The Goldman Sachs Group by 17.0% in the 1st quarter. Vanguard Group Inc. now owns 30,583,504 shares of the investment management company’s stock worth $10,095,615,000 after buying an additional 4,451,999 shares during the period. BlackRock Inc. grew its position in The Goldman Sachs Group by 2.5% during the 4th quarter. BlackRock Inc. now owns 23,795,472 shares of the investment management company’s stock valued at $9,102,958,000 after purchasing an additional 570,001 shares during the last quarter. State Street Corp grew its position in The Goldman Sachs Group by 1.1% during the 1st quarter. State Street Corp now owns 21,729,009 shares of the investment management company’s stock valued at $7,172,746,000 after purchasing an additional 244,566 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in The Goldman Sachs Group by 5.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,205,888 shares of the investment management company’s stock valued at $3,038,863,000 after purchasing an additional 476,509 shares during the last quarter. Finally, Dodge & Cox grew its position in The Goldman Sachs Group by 0.7% during the 4th quarter. Dodge & Cox now owns 7,303,170 shares of the investment management company’s stock valued at $2,793,828,000 after purchasing an additional 52,165 shares during the last quarter. 69.08% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $312.92 on Friday. The firm’s 50 day moving average price is $332.92 and its 200-day moving average price is $320.79. The Goldman Sachs Group, Inc. has a twelve month low of $277.84 and a twelve month high of $426.16. 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 stock has a market capitalization of $106.82 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 0.74 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GSGet Rating) last released its earnings results on Monday, July 18th. The investment management company reported $7.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.99 by $0.74. The company had revenue of $11.86 billion during the quarter, compared to analyst estimates of $10.70 billion. The Goldman Sachs Group had a net margin of 27.75% and a return on equity of 15.89%. The firm’s quarterly revenue was down 22.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $15.02 EPS. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 34.18 EPS for the current year.

The Goldman Sachs Group Announces Dividend

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

Insider Buying and Selling

In related news, Director Goldman Sachs Group Inc sold 110,584 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $27.03, for a total value of $2,989,085.52. Following the completion of the sale, the director now directly owns 1,200,172 shares of the company’s stock, valued at approximately $32,440,649.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other The Goldman Sachs Group news, Director Goldman Sachs Group Inc sold 110,584 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $27.03, for a total transaction of $2,989,085.52. Following the completion of the sale, the director now directly owns 1,200,172 shares of the company’s stock, valued at approximately $32,440,649.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Treasurer Philip R. Berlinski sold 8,000 shares of the 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 sale, the treasurer now directly owns 13,745 shares of the company’s stock, valued at $4,791,781.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 793,689 shares of company stock valued at $23,413,742. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GS has been the topic of several recent analyst reports. BMO Capital Markets cut their price objective on shares of The Goldman Sachs Group from $475.00 to $461.00 in a research report on Tuesday, July 19th. Bank of America upgraded shares of The Goldman Sachs Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $360.00 to $380.00 in a research note on Wednesday, June 29th. Piper Sandler lowered their target price on shares of The Goldman Sachs Group from $430.00 to $410.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Odeon Capital Group cut shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Finally, Barclays lowered their target price on shares of The Goldman Sachs Group from $505.00 to $450.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $410.79.

The Goldman Sachs Group Company Profile

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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.

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

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