Burney Co. Has $2.65 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Burney Co. lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,847 shares of the investment management company’s stock after selling 169 shares during the period. Burney Co.’s holdings in The Goldman Sachs Group were worth $2,645,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bailard Inc. acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $212,000. Russell Investments Group Ltd. boosted its position in shares of The Goldman Sachs Group by 53.7% in the 4th quarter. Russell Investments Group Ltd. now owns 178,294 shares of the investment management company’s stock worth $68,786,000 after purchasing an additional 62,322 shares during the last quarter. Transcend Capital Advisors LLC grew its stake in shares of The Goldman Sachs Group by 8.6% during the fourth quarter. Transcend Capital Advisors LLC now owns 2,267 shares of the investment management company’s stock worth $874,000 after purchasing an additional 179 shares during the period. Stonebrook Private Inc. acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $611,000. Finally, Fiduciary Group LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth about $229,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GS shares. Seaport Res Ptn lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. UBS Group increased their target price on The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods raised their target price on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Finally, Barclays upped 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 report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $495.94.

Insider Transactions at The Goldman Sachs Group

In other news, Director Thomas K. Montag sold 10,000 shares of the firm’s stock in a transaction on 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 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 Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 12,450 shares in the company, valued at $6,287,748. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian J. Lee sold 3,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were 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 of the company’s stock, valued at approximately $6,119,949.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,013,500 shares of company stock worth $32,181,365. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $5.27 during trading hours on Thursday, reaching $508.60. The company’s stock had a trading volume of 938,087 shares, compared to its average volume of 2,273,618. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.97. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $517.26. The company has a market capitalization of $164.01 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.99 and a beta of 1.37. The firm’s 50 day simple moving average is $482.53 and its 200-day simple moving average is $442.26.

The Goldman Sachs Group (NYSE:GS) last posted its 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 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 10.26%. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 36.74 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a $3.00 dividend. The ex-dividend date 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 yield of 2.36%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 46.86%.

The Goldman Sachs Group 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.