The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Gradient Investments LLC

Gradient Investments LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,707 shares of the investment management company’s stock after acquiring an additional 7,286 shares during the quarter. Gradient Investments LLC’s holdings in The Goldman Sachs Group were worth $45,728,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter worth about $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $30,000. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $31,000. Finally, Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 0.8%

NYSE:GS opened at $599.86 on Monday. The stock’s 50 day moving average price is $550.69 and its 200 day moving average price is $582.17. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The company has a market capitalization of $184.06 billion, a P/E ratio of 14.79, a P/E/G ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

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

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.00%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

Analyst Ratings Changes

GS has been the subject of several research reports. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the company an “equal weight” rating in a research report on Monday, April 7th. Daiwa America lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Barclays reduced their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company reduced their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $593.40.

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.