The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,023 shares of the investment management company’s stock after buying an additional 59 shares during the period. Prosperity Consulting Group LLC’s holdings in The Goldman Sachs Group were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GS. Morse Asset Management Inc acquired a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $911,000. SkyView Investment Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 8.8% in the third quarter. SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company’s stock worth $1,759,000 after buying an additional 286 shares during the last quarter. Chelsea Counsel Co. lifted its stake in shares of The Goldman Sachs Group by 400.0% during the third quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company’s stock worth $186,000 after buying an additional 300 shares during the period. Tudor Financial Inc. purchased a new stake in shares of The Goldman Sachs Group during the third quarter valued at $228,000. Finally, Anchor Investment Management LLC increased its position in shares of The Goldman Sachs Group by 29.1% in the 3rd quarter. Anchor Investment Management LLC now owns 4,230 shares of the investment management company’s stock valued at $2,094,000 after acquiring an additional 953 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now owns 3,545 shares of the company’s stock, valued at $2,255,506.25. The trade was a 59.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays dropped their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Evercore ISI dropped their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Daiwa America cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a research note on Monday, April 7th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $593.40.

The Goldman Sachs Group Stock Down 0.1 %

Shares of GS opened at $544.95 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $170.05 billion, a P/E ratio of 13.44, a PEG ratio of 0.89 and a beta of 1.33. The stock’s 50 day moving average is $548.95 and its two-hundred day moving average is $574.43. The Goldman Sachs Group, Inc. has a 12 month low of $425.19 and a 12 month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same period in the prior year, the business posted $11.58 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.20%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.85%.

About The Goldman Sachs Group

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.