Arkadios Wealth Advisors Has $1.51 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Arkadios Wealth Advisors raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 127.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,330 shares of the investment management company's stock after buying an additional 1,867 shares during the quarter. Arkadios Wealth Advisors' holdings in The Goldman Sachs Group were worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bailard Inc. acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $212,000. Russell Investments Group Ltd. boosted its holdings in The Goldman Sachs Group by 53.7% in the 4th quarter. Russell Investments Group Ltd. now owns 178,294 shares of the investment management company's stock valued at $68,786,000 after purchasing an additional 62,322 shares in the last quarter. Transcend Capital Advisors LLC increased its position in The Goldman Sachs Group by 8.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 2,267 shares of the investment management company's stock worth $874,000 after purchasing an additional 179 shares during the period. Stonebrook Private Inc. purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $611,000. Finally, Fiduciary Group LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $229,000. 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, 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 transaction of $1,770,965.00. Following the completion of the transaction, the insider now directly owns 12,095 shares of the company's stock, valued at approximately $6,119,949.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm'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 transaction, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the transaction, the insider now directly owns 12,095 shares of the company's stock, valued at $6,119,949.05. The disclosure for this sale can be found here. Insiders sold a total of 4,013,500 shares of company stock worth $32,181,365 in the last 90 days. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 1.4 %

NYSE:GS traded up $7.01 during mid-day trading on Thursday, hitting $510.34. The company had a trading volume of 1,565,679 shares, compared to its average volume of 2,277,374. The business has a fifty day simple moving average of $483.44 and a 200-day simple moving average of $442.69. The firm has a market capitalization of $164.57 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.99 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, topping analysts' consensus estimates of $8.52 by $0.10. The firm had revenue of $12.73 billion during the quarter, compared to analysts' expectations of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.26% and a net margin of 9.36%. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 36.74 earnings per share 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. Investors of record on Friday, August 30th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.35%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $2.75. The Goldman Sachs Group's dividend payout ratio is currently 46.86%.

Analyst Ratings Changes

GS has been the subject of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 16th. Morgan Stanley raised their price target on The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 30th. Oppenheimer boosted their price target on The Goldman Sachs Group from $504.00 to $559.00 and gave the stock an "outperform" rating in a report on Tuesday, July 16th. BMO Capital Markets increased 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. Finally, 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 note on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Moderate Buy" and an average target price of $495.94.

The Goldman Sachs Group 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.