Wealth Effects LLC Acquires 72 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Wealth Effects LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 17.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 481 shares of the investment management company’s stock after acquiring an additional 72 shares during the quarter. Wealth Effects LLC’s holdings in The Goldman Sachs Group were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company’s stock valued at $3,761,576,000 after purchasing an additional 161,500 shares in the last quarter. Fisher Asset Management LLC boosted its stake in The Goldman Sachs Group by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company’s stock worth $3,524,669,000 after purchasing an additional 112,696 shares during the period. GAMMA Investing LLC grew its holdings in The Goldman Sachs Group by 63,864.7% during the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock valued at $2,172,423,000 after buying an additional 3,970,467 shares in the last quarter. FMR LLC increased its position in shares of The Goldman Sachs Group by 23.7% during the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company’s stock valued at $2,053,614,000 after buying an additional 687,711 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of The Goldman Sachs Group by 15.0% in the fourth quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company’s stock worth $1,885,454,000 after buying an additional 428,502 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $669.87 on Thursday. The firm has a market capitalization of $205.54 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 0.90 and a beta of 1.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. 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 $591.14 and its 200-day moving average price is $585.75.

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 the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates 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 prior year, the firm earned $11.58 earnings per share. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.79%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GS shares. Daiwa America cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Barclays reduced their price target on shares of 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. JPMorgan Chase & Co. lowered their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Wall Street Zen cut The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Finally, Morgan Stanley upped their target price on The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an “equal weight” rating in a research note on Monday. 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 stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $595.67.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Company 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.