Terra Nova Asset Management LLC Invests $1.64 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Terra Nova Asset Management LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,008 shares of the investment management company’s stock, valued at approximately $1,643,000.

A number of other large investors also recently added to or reduced their stakes in the business. Pure Financial Advisors LLC lifted its holdings in The Goldman Sachs Group by 26.3% in the 1st quarter. Pure Financial Advisors LLC now owns 745 shares of the investment management company’s stock worth $407,000 after purchasing an additional 155 shares in the last quarter. Aspetuck Financial Management LLC purchased a new position in The Goldman Sachs Group in the 1st quarter worth approximately $609,000. Wealth Effects LLC lifted its holdings in The Goldman Sachs Group by 17.6% in the 1st quarter. Wealth Effects LLC now owns 481 shares of the investment management company’s stock worth $263,000 after purchasing an additional 72 shares in the last quarter. Tyche Wealth Partners LLC lifted its holdings in The Goldman Sachs Group by 1.7% in the 1st quarter. Tyche Wealth Partners LLC now owns 3,843 shares of the investment management company’s stock worth $2,099,000 after purchasing an additional 64 shares in the last quarter. Finally, Alpine Bank Wealth Management purchased a new position in The Goldman Sachs Group in the 1st quarter worth approximately $1,862,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JMP Securities lowered their price target on 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. Daiwa America downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Evercore ISI reduced their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, Wall Street Zen downgraded The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $595.67.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $669.87 on Thursday. The company has a market cap of $205.54 billion, a P/E ratio of 15.55, a P/E/G ratio of 0.90 and a beta of 1.32. 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 business’s 50 day moving average price is $591.14 and its 200-day moving average price is $585.75. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same quarter in the previous year, the company posted $11.58 EPS. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm 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 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were bought 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. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.55% of the stock is currently 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.