Plimoth Trust Co. LLC Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Plimoth Trust Co. LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,146 shares of the investment management company’s stock after purchasing an additional 186 shares during the quarter. Plimoth Trust Co. LLC’s holdings in The Goldman Sachs Group were worth $2,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GS. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $30,000. Godsey & Gibb Inc. boosted its stake in 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 worth $30,000 after acquiring an additional 34 shares in the last quarter. Transce3nd LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth about $31,000. Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $34,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

NYSE GS opened at $635.69 on Thursday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $195.06 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.85 and a beta of 1.32. The stock has a 50-day moving average of $575.93 and a 200 day moving average of $583.99. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results 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 firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period in the previous year, the business posted $11.58 earnings per share. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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 paid a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.89%. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the stock an “equal weight” rating in a research report on Monday, April 7th. Wall Street Zen cut The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Royal Bank Of Canada cut their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 15th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, Barclays lowered their price target on 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. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average price 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 $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.55% of the company’s stock.

About The Goldman Sachs Group

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.