Zhang Financial LLC Raises Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Zhang Financial LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 23.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,752 shares of the investment management company’s stock after purchasing an additional 1,111 shares during the quarter. Zhang Financial LLC’s holdings in The Goldman Sachs Group were worth $3,143,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Asset Planning Inc purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $30,000. Godsey & Gibb Inc. boosted its stake in shares of The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after buying an additional 34 shares during the last quarter. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GS shares. Evercore ISI reduced their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. Daiwa Capital Markets cut The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price for the company. in a research note on Friday, April 4th. Daiwa America cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the company an “equal weight” rating in a research note on Monday, April 7th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $593.40.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $624.49 on Thursday. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The business’s fifty day moving average price is $561.88 and its two-hundred day moving average price is $583.31. The firm has a market capitalization of $191.62 billion, a PE ratio of 15.40, a P/E/G ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $14.99 billion. During the same period last year, the company earned $11.58 earnings per share. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

Insiders Place Their Bets

In related news, Director John B. Hess bought 3,904 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost 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. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible 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.