Rational Advisors LLC Purchases 253 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Rational Advisors LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 139.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 434 shares of the investment management company’s stock after acquiring an additional 253 shares during the quarter. Rational Advisors LLC’s holdings in The Goldman Sachs Group were worth $196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GS. Atria Wealth Solutions Inc. boosted its stake in The Goldman Sachs Group by 7.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,004 shares of the investment management company’s stock worth $4,631,000 after buying an additional 788 shares in the last quarter. Bailard Inc. purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $212,000. K.J. Harrison & Partners Inc bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $3,176,000. Kovack Advisors Inc. raised its position in The Goldman Sachs Group by 19.1% in the 4th quarter. Kovack Advisors Inc. now owns 2,355 shares of the investment management company’s stock worth $909,000 after purchasing an additional 377 shares during the period. Finally, Raab & Moskowitz Asset Management LLC lifted its stake in The Goldman Sachs Group by 3.6% in the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 1,071 shares of the investment management company’s stock worth $413,000 after purchasing an additional 37 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In related news, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the sale, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the transaction, the director now directly owns 12,450 shares in the company, valued at $6,287,748. The disclosure for this sale can be found here. Insiders sold a total of 4,013,500 shares of company stock valued at $32,181,365 in the last quarter. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Stock Down 0.3 %

NYSE GS traded down $1.55 during trading hours on Monday, reaching $507.87. 1,083,585 shares of the company’s stock traded hands, compared to its average volume of 2,293,963. The firm has a market cap of $163.77 billion, a PE ratio of 19.83, a PEG ratio of 0.99 and a beta of 1.37. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.12 and a quick ratio of 0.74. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $517.26. The firm has a 50-day simple moving average of $481.53 and a 200 day simple moving average of $441.40.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The firm had revenue of $12.73 billion for 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%. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 36.74 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, August 30th. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a dividend yield of 2.36%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

Analysts Set New Price Targets

Several research firms have recently commented on GS. Citigroup lifted their price objective on The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Wells Fargo & Company increased their price objective on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $513.00 to $561.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Finally, Barclays boosted their price target on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $495.94.

About The Goldman Sachs Group

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.