BigSur Wealth Management LLC Has $1.58 Million Stake in Goldman Sachs Group Inc (NYSE:GS)

BigSur Wealth Management LLC decreased its position in Goldman Sachs Group Inc (NYSE:GS) by 21.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,635 shares of the investment management company’s stock after selling 2,050 shares during the quarter. Goldman Sachs Group comprises approximately 1.1% of BigSur Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position. BigSur Wealth Management LLC’s holdings in Goldman Sachs Group were worth $1,579,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. WoodTrust Financial Corp bought a new stake in shares of Goldman Sachs Group in the first quarter valued at approximately $1,920,000. Belpointe Asset Management LLC boosted its stake in shares of Goldman Sachs Group by 10.6% in the fourth quarter. Belpointe Asset Management LLC now owns 3,465 shares of the investment management company’s stock valued at $579,000 after buying an additional 333 shares during the period. Roundview Capital LLC boosted its stake in shares of Goldman Sachs Group by 23.3% in the first quarter. Roundview Capital LLC now owns 9,819 shares of the investment management company’s stock valued at $1,885,000 after buying an additional 1,853 shares during the period. McGuire Investment Group LLC boosted its stake in shares of Goldman Sachs Group by 4.4% in the first quarter. McGuire Investment Group LLC now owns 10,265 shares of the investment management company’s stock valued at $1,971,000 after buying an additional 434 shares during the period. Finally, Foundry Partners LLC boosted its stake in shares of Goldman Sachs Group by 0.5% in the first quarter. Foundry Partners LLC now owns 98,638 shares of the investment management company’s stock valued at $18,938,000 after buying an additional 495 shares during the period. 68.47% of the stock is currently owned by institutional investors.

NYSE GS traded up $5.43 on Tuesday, hitting $219.43. 3,018,518 shares of the company’s stock were exchanged, compared to its average volume of 2,855,121. The business has a 50-day moving average price of $201.87. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 2.43. Goldman Sachs Group Inc has a 52 week low of $151.70 and a 52 week high of $245.08. The company has a market cap of $78.11 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.79 and a beta of 1.30.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, July 16th. The investment management company reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.73 by $1.08. Goldman Sachs Group had a return on equity of 11.99% and a net margin of 22.09%. The firm had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $8.88 billion. During the same period in the prior year, the company earned $5.98 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate that Goldman Sachs Group Inc will post 22.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, August 29th. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 annualized dividend and a yield of 2.28%. Goldman Sachs Group’s dividend payout ratio is presently 13.45%.

In other Goldman Sachs Group news, EVP Dane E. Holmes sold 3,165 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $212.15, for a total transaction of $671,454.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.41% of the stock is owned by corporate insiders.

Several brokerages recently issued reports on GS. Morgan Stanley cut GasLog Partners LP Unit from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $23.00 to $18.00 in a research note on Tuesday, April 16th. Odeon Capital Group upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Oppenheimer set a $15.00 price target on Strongbridge Biopharma and gave the company a “buy” rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SUZUKI MTR CORP/ADR in a research note on Wednesday, July 17th. Finally, TheStreet upgraded White Mountains Insurance Group from a “c” rating to a “b” rating in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $239.18.

Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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