The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by WD Rutherford LLC

WD Rutherford LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 50.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,562 shares of the investment management company’s stock after purchasing an additional 523 shares during the period. WD Rutherford LLC’s holdings in The Goldman Sachs Group were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Inscription Capital LLC acquired a new stake in The Goldman Sachs Group in the first quarter valued at approximately $4,506,000. Blackston Financial Advisory Group LLC boosted its stake in shares of The Goldman Sachs Group by 16.7% in the first quarter. Blackston Financial Advisory Group LLC now owns 970 shares of the investment management company’s stock valued at $530,000 after purchasing an additional 139 shares during the period. QRG Capital Management Inc. boosted its stake in shares of The Goldman Sachs Group by 0.5% in the first quarter. QRG Capital Management Inc. now owns 69,998 shares of the investment management company’s stock valued at $38,239,000 after purchasing an additional 363 shares during the period. Sagespring Wealth Partners LLC grew its holdings in The Goldman Sachs Group by 3.2% during the 1st quarter. Sagespring Wealth Partners LLC now owns 8,810 shares of the investment management company’s stock valued at $4,813,000 after purchasing an additional 274 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in The Goldman Sachs Group during the 1st quarter worth $3,071,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 15th. Daiwa Capital Markets cut 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 note on Friday, April 4th. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Oppenheimer lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Finally, Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a research report on Monday, April 7th. 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $593.40.

The Goldman Sachs Group Trading Up 2.3%

NYSE GS opened at $627.63 on Tuesday. 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, Inc. has a one year low of $437.37 and a one year high of $672.19. The company has a 50-day simple moving average of $571.45 and a 200-day simple moving average of $583.34. The firm has a market capitalization of $192.58 billion, a PE ratio of 15.48, a price-to-earnings-growth 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 (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter last year, the company posted $11.58 earnings per share. On average, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given 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 yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio is currently 27.85%.

Insiders Place Their Bets

In other news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction on 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 purchase, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.55% of the stock is owned by corporate insiders.

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.