Hudson Valley Investment Advisors Inc. ADV Has $307,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Hudson Valley Investment Advisors Inc. ADV grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 29.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 679 shares of the investment management company’s stock after purchasing an additional 154 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in The Goldman Sachs Group were worth $307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV grew its stake in shares of The Goldman Sachs Group by 6.4% in the second quarter. Massmutual Trust Co. FSB ADV now owns 12,432 shares of the investment management company’s stock valued at $5,623,000 after buying an additional 753 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of The Goldman Sachs Group by 27.0% in the second quarter. GAMMA Investing LLC now owns 4,940 shares of the investment management company’s stock valued at $2,235,000 after buying an additional 1,049 shares in the last quarter. Davis Capital Management bought a new position in shares of The Goldman Sachs Group in the second quarter valued at $47,000. Transcend Capital Advisors LLC grew its stake in shares of The Goldman Sachs Group by 6.7% in the second quarter. Transcend Capital Advisors LLC now owns 2,573 shares of the investment management company’s stock valued at $1,164,000 after buying an additional 161 shares in the last quarter. Finally, SRN Advisors LLC grew its stake in shares of The Goldman Sachs Group by 17.4% in the first quarter. SRN Advisors LLC now owns 3,022 shares of the investment management company’s stock valued at $1,262,000 after buying an additional 448 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. BMO Capital Markets lifted their price objective on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Oppenheimer lifted their price objective on shares of 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. Finally, Evercore ISI lifted 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 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $495.94.

The Goldman Sachs Group Price Performance

GS stock traded down $11.75 during midday trading on Monday, reaching $458.89. The company had a trading volume of 4,176,211 shares, compared to its average volume of 2,362,794. The company has a market capitalization of $147.98 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 0.99 and a beta of 1.37. The stock has a 50 day moving average price of $469.30 and a 200-day moving average price of $429.12. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $517.26. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.62%. 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. The Goldman Sachs Group’s payout ratio is 46.86%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the business’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 completion of the transaction, the director now owns 12,450 shares of the company’s stock, valued at $6,287,748. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the sale, the insider now directly 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 accessible through the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the director now 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 over the last quarter. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Company 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.