Good Steward Wealth Advisors LLC Purchases Shares of 582 The Goldman Sachs Group, Inc. (NYSE:GS)

Good Steward Wealth Advisors LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 582 shares of the investment management company’s stock, valued at approximately $318,000.

Several other large investors also recently made changes to their positions in the stock. Brighton Jones LLC raised its position in The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $32,815,000. Revolve Wealth Partners LLC grew its stake in shares of The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares in the last quarter. Van ECK Associates Corp increased its position in The Goldman Sachs Group by 2.6% during the fourth quarter. Van ECK Associates Corp now owns 6,320 shares of the investment management company’s stock worth $3,619,000 after acquiring an additional 163 shares during the period. Finally, Bank Pictet & Cie Europe AG bought a new position in The Goldman Sachs Group during the fourth quarter worth about $583,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of analyst reports. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Citigroup cut their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Wall Street Zen lowered The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. reduced their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $593.40.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the business’s stock in a transaction dated 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 purchase, the director now owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $635.69 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The stock has a market cap of $195.05 billion, a PE ratio of 14.75, a P/E/G ratio of 0.87 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The business’s 50-day moving average price is $578.87 and its two-hundred day moving average price is $584.22.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for 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 firm posted $11.58 EPS. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal 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 dividend yield of 1.89%. The Goldman Sachs Group’s payout ratio is presently 27.85%.

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.