Malaga Cove Capital LLC Has $2.25 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Malaga Cove Capital LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,930 shares of the investment management company’s stock after selling 77 shares during the quarter. Malaga Cove Capital LLC’s holdings in The Goldman Sachs Group were worth $2,250,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fiduciary Alliance LLC increased its position in shares of The Goldman Sachs Group by 53.3% during the 4th quarter. Fiduciary Alliance LLC now owns 1,269 shares of the investment management company’s stock worth $727,000 after purchasing an additional 441 shares during the last quarter. CHICAGO TRUST Co NA increased its holdings in shares of The Goldman Sachs Group by 3.6% during the 4th quarter. CHICAGO TRUST Co NA now owns 953 shares of the investment management company’s stock worth $546,000 after acquiring an additional 33 shares during the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 1.3% during the 4th quarter. Pallas Capital Advisors LLC now owns 1,598 shares of the investment management company’s stock worth $915,000 after acquiring an additional 21 shares during the last quarter. Benson Investment Management Company Inc. acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $5,905,000. Finally, Wright Investors Service Inc. increased its holdings in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Wright Investors Service Inc. now owns 3,772 shares of the investment management company’s stock worth $2,160,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of recent analyst reports. Daiwa Capital Markets lowered 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. UBS Group boosted their target price on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Barclays cut their target price on 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. Finally, Royal Bank of Canada cut their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $593.40.

Insiders Place Their Bets

In other news, Director John B. Hess bought 3,904 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $604.19 on Wednesday. The stock has a market capitalization of $185.39 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The stock’s 50 day moving average price is $536.62 and its two-hundred day moving average price is $577.49. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period in the prior year, the business earned $11.58 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s payout ratio is 27.85%.

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.