Callan Family Office LLC Buys Shares of 1,124 The Goldman Sachs Group, Inc. (NYSE:GS)

Callan Family Office LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,124 shares of the investment management company's stock, valued at approximately $508,000.

Several other large investors have also modified their holdings of GS. International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group during the first quarter valued at approximately $1,903,374,000. Norges Bank bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $1,120,119,000. AMF Tjanstepension AB raised its stake in shares of The Goldman Sachs Group by 1,102.4% during the second quarter. AMF Tjanstepension AB now owns 810,836 shares of the investment management company's stock valued at $366,780,000 after acquiring an additional 743,402 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of The Goldman Sachs Group by 27.0% during the fourth quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company's stock valued at $842,597,000 after acquiring an additional 464,954 shares in the last quarter. Finally, Verity & Verity LLC raised its stake in shares of The Goldman Sachs Group by 26,378.2% during the first quarter. Verity & Verity LLC now owns 407,764 shares of the investment management company's stock valued at $170,000 after acquiring an additional 406,224 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the company's stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now owns 12,450 shares in the company, valued at $6,287,748. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other The 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 completion of the transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas K. Montag sold 10,000 shares of the company's stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the completion of the transaction, the director now 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 three months, insiders have sold 4,013,500 shares of company stock valued at $32,181,365. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of GS traded down $1.55 during trading hours on Monday, reaching $507.87. 1,083,585 shares of the company traded hands, compared to its average volume of 2,293,963. The stock has a market capitalization of $163.77 billion, a P/E ratio of 19.83, a P/E/G ratio of 0.99 and a beta of 1.37. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.97. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $517.26. The business has a fifty day moving average price of $481.53 and a 200-day moving average price of $441.40.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, beating 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 10.26%. The company had revenue of $12.73 billion for the quarter, compared to analyst estimates of $12.60 billion. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 36.74 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.36%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $2.75. The ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group's dividend payout ratio is presently 46.86%.

Wall Street Analysts Forecast Growth

GS has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on shares of 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 boosted their price objective on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 16th. Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 2nd. Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 16th. Finally, UBS Group boosted their price objective on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a "buy" rating in a research note on Tuesday, July 9th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $495.94.

About The Goldman Sachs Group

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.

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