356 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 356 shares of the investment management company’s stock, valued at approximately $161,000.

Several other large investors have also recently added to or reduced their stakes in the business. POM Investment Strategies LLC purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $26,000. First Personal Financial Services purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $25,000. SJS Investment Consulting Inc. increased its position in shares of The Goldman Sachs Group by 103.3% in the 2nd 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 last quarter. Versant Capital Management Inc increased its position in shares of The Goldman Sachs Group by 106.3% in the 1st 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, First United Bank & Trust purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 0.0 %

Shares of NYSE:GS opened at $510.25 on Monday. The stock has a market cap of $161.14 billion, a P/E ratio of 19.92, a P/E/G ratio of 0.79 and a beta of 1.37. The firm has a fifty day moving average price of $485.69 and a 200 day moving average price of $444.90. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $517.26.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, topping the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The company had revenue of $12.73 billion during the quarter, compared to analysts’ expectations of $12.60 billion. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 35.07 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Analyst Ratings Changes

A number of brokerages have commented on GS. UBS Group increased their price objective on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. 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 report on Tuesday, July 16th. Oppenheimer upped their target price on shares of The Goldman Sachs Group from $504.00 to $559.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Evercore ISI upped their target price on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $461.00 to $464.00 and gave the company an “overweight” 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $495.94.

Insider Transactions at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 3,500 shares of the firm’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 completion of the sale, the insider now owns 12,095 shares in the company, valued at approximately $6,119,949.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Brian J. Lee sold 3,500 shares of the firm’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 completion of the sale, the insider now owns 12,095 shares in the company, valued at approximately $6,119,949.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the 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 of the company’s stock, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,013,500 shares of company stock worth $32,181,365. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Company 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.