Clear Creek Financial Management LLC Takes Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Clear Creek Financial Management LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 587 shares of the investment management company’s stock, valued at approximately $321,000.

Several other institutional investors have also bought and sold shares of GS. Curio Wealth LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth about $30,000. Mascagni Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Godsey & Gibb Inc. lifted its stake in shares of The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after buying an additional 34 shares in the last quarter. Finally, Lowe Wealth Advisors LLC boosted its holdings in The Goldman Sachs Group by 326.7% in the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company’s stock worth $35,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $715.21 on Thursday. The company’s fifty day moving average price is $609.88 and its 200-day moving average price is $589.61. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $219.46 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 0.96 and a beta of 1.35. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $718.73.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The business had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter in the prior year, the firm earned $11.58 earnings per share. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were given a $3.00 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.68%. The Goldman Sachs Group’s payout ratio is 27.85%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director owned 3,904 shares in the company, valued at $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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GS has been the topic of a number of analyst reports. JMP Securities lowered their target price on shares of 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. Citigroup decreased their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Evercore ISI increased their price objective on The Goldman Sachs Group from $630.00 to $715.00 and gave the stock an “outperform” rating in a report on Wednesday. Daiwa America downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price target on the stock. in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $603.73.

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.