Blue Square Asset Management LLC Purchases 443 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Blue Square Asset Management LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,241 shares of the investment management company’s stock after acquiring an additional 443 shares during the period. The Goldman Sachs Group comprises 1.6% of Blue Square Asset Management LLC’s portfolio, making the stock its 18th biggest position. Blue Square Asset Management LLC’s holdings in The Goldman Sachs Group were worth $2,823,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Apexium Financial LP increased its position in shares of The Goldman Sachs Group by 7.1% during the 4th quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock worth $2,188,000 after purchasing an additional 378 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of The Goldman Sachs Group by 62.7% during the 1st quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock worth $2,632,000 after acquiring an additional 2,428 shares during the last quarter. Duality Advisers LP acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth approximately $1,388,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of The Goldman Sachs Group by 34.2% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,256 shares of the investment management company’s stock worth $3,448,000 after acquiring an additional 2,103 shares during the last quarter. Finally, Bell & Brown Wealth Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $5,416,000. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GS. JPMorgan Chase & Co. upped their price objective on The Goldman Sachs Group from $464.00 to $472.00 and gave the company an “overweight” rating in a report on Monday. Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. UBS Group upped their price objective on The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Evercore ISI upped their price objective on The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Finally, BMO Capital Markets upped their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Five 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $496.44.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $467.13 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $517.26. The company has a market cap of $150.63 billion, a P/E ratio of 18.24, a P/E/G ratio of 0.74 and a beta of 1.36. The business has a fifty day simple moving average of $489.86 and a 200 day simple moving average of $449.85.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, topping the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The business had revenue of $12.73 billion during the quarter, compared to the consensus estimate of $12.60 billion. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 35.49 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a dividend of $3.00 per share. 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 2.57%. The ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio is currently 46.86%.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $6,119,949.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the company’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 completion of the transaction, the director now 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 SEC, which is available through the SEC website. Also, insider Brian J. Lee sold 3,500 shares of the company’s stock in a transaction dated 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 directly owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The disclosure for this sale can be found here. Insiders sold a total of 4,013,500 shares of company stock worth $32,181,365 in the last ninety days. 0.54% of the stock is owned by 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.