Hodges Capital Management Inc. Has $5.64 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Hodges Capital Management Inc. decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,475 shares of the investment management company's stock after selling 1,304 shares during the period. Hodges Capital Management Inc.'s holdings in The Goldman Sachs Group were worth $5,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Simon Quick Advisors LLC boosted its holdings in The Goldman Sachs Group by 50.0% during the second quarter. Simon Quick Advisors LLC now owns 1,308 shares of the investment management company's stock worth $592,000 after buying an additional 436 shares in the last quarter. Weaver Capital Management LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth $392,000. Founders Financial Securities LLC grew its holdings in shares of The Goldman Sachs Group by 5.1% in the 2nd quarter. Founders Financial Securities LLC now owns 2,813 shares of the investment management company's stock worth $1,273,000 after acquiring an additional 137 shares during the last quarter. Northstar Advisory Group LLC raised its position in shares of The Goldman Sachs Group by 5.5% during the second quarter. Northstar Advisory Group LLC now owns 3,893 shares of the investment management company's stock worth $1,761,000 after purchasing an additional 204 shares during the period. Finally, Little House Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 4.6% during the second quarter. Little House Capital LLC now owns 11,906 shares of the investment management company's stock valued at $5,385,000 after purchasing an additional 523 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction on 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 owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm's stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the insider now owns 12,981,022 shares of the company's stock, valued at approximately $82,299,679.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas K. Montag sold 10,000 shares of the company'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 of the company's stock, valued at $6,287,748. The disclosure for this sale can be found here. Insiders have sold a total of 4,013,500 shares of company stock worth $32,181,365 over the last 90 days. Insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GS shares. UBS Group boosted their price objective on The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a "buy" rating in a report on Tuesday, July 9th. Wells Fargo & Company boosted 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 report on Tuesday, July 16th. Evercore ISI raised 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. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $513.00 to $561.00 and gave the company an "overweight" rating in a research note on Tuesday, July 30th. Finally, Oppenheimer raised their target price on The Goldman Sachs Group from $504.00 to $559.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $495.94.

The Goldman Sachs Group Stock Up 0.7 %

Shares of The Goldman Sachs Group stock traded up $3.18 during midday trading on Wednesday, reaching $490.64. 1,487,273 shares of the company's stock traded hands, compared to its average volume of 2,270,844. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $517.26. The company's 50 day simple moving average is $487.95 and its 200 day simple moving average is $446.81. The company has a market cap of $154.94 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 0.79 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, beating the consensus estimate of $8.52 by $0.10. The company had revenue of $12.73 billion for 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%. Equities 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 business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, August 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.45%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $2.75. The Goldman Sachs Group's dividend payout ratio 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.