1,719 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Purchased by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,719 shares of the investment management company's stock, valued at approximately $778,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in GS. Apexium Financial LP boosted its holdings in The Goldman Sachs Group by 7.1% in the fourth quarter. Apexium Financial LP now owns 5,672 shares of the investment management company's stock valued at $2,188,000 after acquiring an additional 378 shares in the last quarter. Empowered Funds LLC lifted its position in The Goldman Sachs Group by 62.7% during the first quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company's stock valued at $2,632,000 after buying an additional 2,428 shares during the period. Duality Advisers LP purchased a new position in The Goldman Sachs Group during the first quarter valued at $1,388,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in The Goldman Sachs Group by 34.2% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,256 shares of the investment management company's stock valued at $3,448,000 after buying an additional 2,103 shares during the period. Finally, Bell & Brown Wealth Advisors LLC purchased a new position in The Goldman Sachs Group during the fourth quarter valued at $5,416,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Down 0.1 %

Shares of GS traded down $0.52 during midday trading on Tuesday, reaching $507.35. 977,702 shares of the stock were exchanged, compared to its average volume of 2,285,985. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $517.26. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. The company's 50 day moving average is $481.53 and its two-hundred day moving average is $441.40. The company has a market capitalization of $163.60 billion, a P/E ratio of 19.81, a PEG ratio of 0.99 and a beta of 1.37.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.52 by $0.10. The Goldman Sachs Group had a return on equity of 10.26% and a net margin of 9.36%. The business had revenue of $12.73 billion for the quarter, compared to the consensus estimate of $12.60 billion. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 36.74 earnings per share for the current 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 paid a $3.00 dividend. The ex-dividend date is Friday, August 30th. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a yield of 2.37%. The Goldman Sachs Group's dividend payout ratio (DPR) is 46.86%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. UBS Group raised their price objective on 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Barclays boosted their price target on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an "overweight" rating in a research note on Tuesday, July 16th. Seaport Res Ptn downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 2nd. Finally, BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a "market perform" rating in a research note on Wednesday, July 17th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $495.94.

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 stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the sale, the director now directly owns 12,450 shares in the company, valued at $6,287,748. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Brian J. Lee sold 3,500 shares of the firm's stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the transaction, the insider now directly owns 12,095 shares in the company, valued at $6,119,949.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of the firm's stock in a transaction dated Tuesday, July 16th. The stock was 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 of the company's stock, valued at $6,287,748. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,013,500 shares of company stock worth $32,181,365. 0.54% of the stock is owned by insiders.

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.