Natixis Advisors LLC Purchases 38,742 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Natixis Advisors LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355,988 shares of the investment management company's stock after buying an additional 38,742 shares during the quarter. Natixis Advisors LLC owned approximately 0.11% of The Goldman Sachs Group worth $161,021,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. raised its position in shares of The Goldman Sachs Group by 21.2% during the fourth quarter. Great Valley Advisor Group Inc. now owns 3,193 shares of the investment management company's stock worth $1,232,000 after acquiring an additional 559 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of The Goldman Sachs Group by 5.3% in the 4th quarter. First Horizon Advisors Inc. now owns 1,634 shares of the investment management company's stock worth $631,000 after purchasing an additional 82 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of The Goldman Sachs Group by 62.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 37,290 shares of the investment management company's stock worth $14,385,000 after purchasing an additional 14,363 shares during the period. Aveo Capital Partners LLC boosted its stake in shares of The Goldman Sachs Group by 8.2% in the 4th quarter. Aveo Capital Partners LLC now owns 697 shares of the investment management company's stock valued at $269,000 after purchasing an additional 53 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of The Goldman Sachs Group by 31.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,780 shares of the investment management company's stock worth $2,616,000 after buying an additional 1,622 shares during the period. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Thomas K. Montag sold 10,000 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Brian J. Lee sold 3,500 shares of the 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 owns 12,095 shares in the company, valued at $6,119,949.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 transaction of $5,050,400.00. Following the sale, 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 ninety days, insiders have sold 4,013,500 shares of company stock worth $32,181,365. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on GS shares. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $461.00 to $464.00 and gave the company an "overweight" rating in a research report on Tuesday, July 16th. BMO Capital Markets upped their target price on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a "market perform" rating in a research report on Wednesday, July 17th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Oppenheimer boosted their price target on The Goldman Sachs Group from $504.00 to $559.00 and gave the company an "outperform" rating in a research note on Tuesday, July 16th. Finally, Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of "Moderate Buy" and an average target price of $495.94.

The Goldman Sachs Group Stock Up 0.6 %

Shares of GS stock traded up $3.13 during trading hours on Friday, reaching $510.25. The company had a trading volume of 1,839,064 shares, compared to its average volume of 1,927,860. The company has a market cap of $161.14 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 0.79 and a beta of 1.37. 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 12 month low of $289.36 and a 12 month high of $517.26. The business has a fifty day simple moving average of $485.69 and a 200-day simple moving average of $444.43.

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 EPS for the quarter, beating analysts' consensus estimates of $8.52 by $0.10. The business had revenue of $12.73 billion during the quarter, compared to analyst estimates of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 35.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a dividend of $3.00 per share. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 42.95%.

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.