Constitution Capital LLC Purchases 350 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Constitution Capital LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 41.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,200 shares of the investment management company’s stock after acquiring an additional 350 shares during the period. Constitution Capital LLC’s holdings in The Goldman Sachs Group were worth $656,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Chemistry Wealth Management LLC increased its position in shares of The Goldman Sachs Group by 2.8% during the 1st quarter. Chemistry Wealth Management LLC now owns 773 shares of the investment management company’s stock valued at $422,000 after purchasing an additional 21 shares during the last quarter. Elk River Wealth Management LLC bought a new position in shares of The Goldman Sachs Group during the 1st quarter valued at about $2,771,000. SeaCrest Wealth Management LLC increased its position in shares of The Goldman Sachs Group by 5.0% during the 1st quarter. SeaCrest Wealth Management LLC now owns 2,267 shares of the investment management company’s stock valued at $1,238,000 after purchasing an additional 107 shares during the last quarter. McNamara Financial Services Inc. bought a new position in shares of The Goldman Sachs Group during the 1st quarter valued at about $251,000. Finally, Prospect Financial Services LLC bought a new position in shares of The Goldman Sachs Group during the 1st quarter valued at about $251,000. 71.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Citigroup reduced their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Daiwa Capital Markets lowered The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research report on Friday, April 4th. Oppenheimer lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Finally, Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Thirteen 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 Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $593.40.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $614.49 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market cap of $188.55 billion, a PE ratio of 15.15, a P/E/G ratio of 0.89 and a beta of 1.32. The business has a 50 day moving average of $555.71 and a 200 day moving average of $582.82. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19.

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

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 dividend on an annualized basis and a dividend yield of 1.95%. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is owned by corporate 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.