MGO One Seven LLC Buys 746 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

MGO One Seven LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,751 shares of the investment management company’s stock after acquiring an additional 746 shares during the quarter. MGO One Seven LLC’s holdings in The Goldman Sachs Group were worth $3,053,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at about $27,000. AMJ Financial Wealth Management bought a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at about $9,148,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at about $201,000. Coldstream Capital Management Inc. boosted its stake in shares of The Goldman Sachs Group by 7.4% in the 2nd quarter. Coldstream Capital Management Inc. now owns 4,538 shares of the investment management company’s stock valued at $2,053,000 after purchasing an additional 313 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of The Goldman Sachs Group by 6.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 112,952 shares of the investment management company’s stock valued at $51,091,000 after purchasing an additional 6,826 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $471.17 on Thursday. 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 current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20. The firm has a fifty day simple moving average of $489.92 and a 200 day simple moving average of $450.00. The stock has a market capitalization of $151.94 billion, a PE ratio of 18.40, a P/E/G ratio of 0.74 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.52 by $0.10. The company had revenue of $12.73 billion during the quarter, compared to analysts’ expectations of $12.60 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. On average, research analysts expect 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 announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Friday, August 30th. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s payout ratio is presently 46.86%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GS. Barclays increased their price target on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods increased their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Citigroup increased their price target on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Finally, BMO Capital Markets increased their price target on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus target price of $496.44.

Insider Activity at The Goldman Sachs Group

In related 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 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 $6,119,949.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related 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 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 $6,287,748. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were 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. 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.