D.A. Davidson & CO. Has $32.62 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

D.A. Davidson & CO. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 28.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,718 shares of the investment management company’s stock after buying an additional 13,076 shares during the quarter. D.A. Davidson & CO.’s holdings in The Goldman Sachs Group were worth $32,624,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after acquiring an additional 508 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in 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 purchasing an additional 58 shares during the period. Bank Pictet & Cie Europe AG bought a new position in The Goldman Sachs Group during the 4th quarter worth $583,000. Highview Capital Management LLC DE lifted its holdings in The Goldman Sachs Group by 4.7% during the 4th quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company’s stock worth $2,186,000 after buying an additional 171 shares during the period. Finally, Meridian Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 7.0% in the 4th quarter. Meridian Wealth Management LLC now owns 1,357 shares of the investment management company’s stock valued at $777,000 after buying an additional 89 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 1.2%

Shares of The Goldman Sachs Group stock opened at $715.21 on Thursday. The company has a market capitalization of $219.46 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 0.96 and a beta of 1.35. The stock has a fifty day simple moving average of $609.88 and a 200 day simple moving average of $589.61. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $718.73. 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 (NYSE:GS) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the company posted $11.58 earnings per share. On average, sell-side 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 firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group’s payout ratio is 27.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GS shares. Morgan Stanley raised their price objective on The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an “equal weight” rating in a research report on Monday, June 23rd. Royal Bank Of Canada lowered their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a report on Tuesday, April 15th. Evercore ISI increased their price objective on shares of The Goldman Sachs Group from $630.00 to $715.00 and gave the stock an “outperform” rating in a research report on Wednesday. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price on the stock. in a report on Friday, April 4th. Finally, Citigroup dropped 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. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $603.73.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director owned 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

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.