The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by CFM Wealth Partners LLC

CFM Wealth Partners LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 14.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,625 shares of the investment management company’s stock after purchasing an additional 201 shares during the period. CFM Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $483,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. Joseph P. Lucia & Associates LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at about $26,000. Nauset Wealth Management. LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter valued at about $27,000. Orion Capital Management LLC lifted its holdings in shares of The Goldman Sachs Group by 690.9% during the 1st quarter. Orion Capital Management LLC now owns 87 shares of the investment management company’s stock worth $29,000 after acquiring an additional 76 shares during the period. Rise Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth approximately $38,000. Finally, Comprehensive Financial Consultants Institutional Inc. purchased a new position in The Goldman Sachs Group during the fourth quarter worth approximately $35,000. 69.08% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 1.6 %

NYSE:GS opened at $326.21 on Monday. The stock’s 50-day moving average is $330.35 and its two-hundred day moving average is $320.84. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.87 and a quick ratio of 0.87. The Goldman Sachs Group, Inc. has a fifty-two week low of $277.84 and a fifty-two week high of $426.16. The stock has a market cap of $111.35 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GSGet Rating) last announced its quarterly earnings results on Monday, July 18th. The investment management company reported $7.73 EPS for the quarter, beating the consensus estimate of $6.61 by $1.12. The business had revenue of $11.86 billion during the quarter, compared to analysts’ expectations of $10.70 billion. The Goldman Sachs Group had a return on equity of 15.89% and a net margin of 27.75%. The firm’s quarterly revenue was down 22.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $15.02 EPS. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 34.18 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Piper Sandler reduced their price objective on The Goldman Sachs Group from $430.00 to $410.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Royal Bank of Canada cut their target price on shares of The Goldman Sachs Group from $390.00 to $370.00 and set a “sector perform” rating on the stock in a report on Friday, July 1st. Wells Fargo & Company dropped their price objective on shares of The Goldman Sachs Group from $420.00 to $380.00 and set an “overweight” rating on the stock in a report on Friday, July 1st. Citigroup lowered their target price on The Goldman Sachs Group from $400.00 to $360.00 in a research report on Tuesday, July 12th. Finally, Morgan Stanley reduced their price target on The Goldman Sachs Group from $418.00 to $354.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $410.79.

Insider Activity

In other news, Director Goldman Sachs Group Inc sold 78,131 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $27.01, for a total value of $2,110,318.31. Following the completion of the transaction, the director now directly owns 439,180 shares of the company’s stock, valued at approximately $11,862,251.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Treasurer Philip R. Berlinski sold 8,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was 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 $4,791,781.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Goldman Sachs Group Inc sold 78,131 shares of The Goldman Sachs Group stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $27.01, for a total value of $2,110,318.31. Following the completion of the sale, the director now owns 439,180 shares of the company’s stock, valued at $11,862,251.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 793,689 shares of company stock valued at $23,413,742. Insiders own 0.57% of the company’s stock.

About The Goldman Sachs Group

(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.

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

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