Ritholtz Wealth Management Has $4.46 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Ritholtz Wealth Management boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,154 shares of the investment management company’s stock after buying an additional 319 shares during the period. Ritholtz Wealth Management’s holdings in The Goldman Sachs Group were worth $4,455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Planning Inc acquired a new position in The Goldman Sachs Group in the fourth quarter valued at $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $30,000. Godsey & Gibb Inc. raised its holdings in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 34 shares during the period. Transce3nd LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In related news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GS shares. JMP Securities dropped their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Citigroup dropped their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Barclays dropped their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, Daiwa America downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $593.40.

The Goldman Sachs Group Trading Down 1.9%

Shares of GS stock opened at $613.07 on Friday. 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 debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a 50-day simple moving average of $568.13 and a two-hundred day simple moving average of $583.37. The company has a market capitalization of $188.12 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) 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 business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the firm posted $11.58 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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 given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s payout ratio is 27.85%.

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.