Wharton Business Group LLC Purchases 1,384 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Wharton Business Group LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,810 shares of the investment management company’s stock after buying an additional 1,384 shares during the period. The Goldman Sachs Group comprises 1.1% of Wharton Business Group LLC’s portfolio, making the stock its 25th largest holding. Wharton Business Group LLC’s holdings in The Goldman Sachs Group were worth $18,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Confluence Wealth Services Inc. purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $63,000. Exencial Wealth Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 10.4% during the fourth quarter. Exencial Wealth Advisors LLC now owns 1,989 shares of the investment management company’s stock valued at $761,000 after purchasing an additional 188 shares during the last quarter. Covestor Ltd purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $54,000. Nwam LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $336,000. Finally, SC&H Financial Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $278,000. Institutional investors own 69.08% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director Goldman Sachs Group Inc sold 87,974 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $24.81, for a total transaction of $2,182,634.94. Following the completion of the transaction, the director now owns 610,975 shares in the company, valued at $15,158,289.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other The Goldman Sachs Group news, Director Goldman Sachs Group Inc sold 87,974 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $24.81, for a total transaction of $2,182,634.94. Following the completion of the transaction, the director now owns 610,975 shares in the company, valued at $15,158,289.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Philip R. Berlinski sold 8,000 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $348.62, for a total transaction of $2,788,960.00. Following the transaction, the treasurer now owns 13,745 shares of the company’s stock, valued at approximately $4,791,781.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 683,105 shares of company stock worth $20,424,657. 0.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Odeon Capital Group cut shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. BMO Capital Markets reduced their target price on shares of The Goldman Sachs Group from $475.00 to $461.00 in a report on Tuesday, July 19th. Citigroup reduced their target price on shares of The Goldman Sachs Group from $400.00 to $360.00 in a report on Tuesday, July 12th. Wells Fargo & Company reduced their target price on shares of The Goldman Sachs Group from $420.00 to $380.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Finally, Barclays reduced their target price on shares of The Goldman Sachs Group from $505.00 to $450.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $410.79.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $328.39 on Wednesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a fifty day moving average price of $328.43 and a 200 day moving average price of $321.08. The Goldman Sachs Group, Inc. has a fifty-two week low of $277.84 and a fifty-two week high of $426.16. The firm has a market cap of $112.10 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 0.78 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GSGet Rating) last issued its earnings results on Monday, July 18th. The investment management company reported $7.73 earnings per share for the quarter, topping analysts’ consensus estimates of $6.61 by $1.12. The Goldman Sachs Group had a net margin of 27.75% and a return on equity of 15.89%. The firm had revenue of $11.86 billion during the quarter, compared to analyst estimates of $10.70 billion. During the same quarter in the prior year, the business earned $15.02 earnings per share. The Goldman Sachs Group’s revenue for the quarter was down 22.9% on a year-over-year basis. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 34.2 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, August 10th. Investors of record on Tuesday, July 26th were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Monday, July 25th. The Goldman Sachs Group’s dividend payout ratio is 22.61%.

The Goldman Sachs Group Company Profile

(Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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