Teamwork Financial Advisors LLC Raises Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Teamwork Financial Advisors LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 58.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,179 shares of the investment management company’s stock after buying an additional 1,915 shares during the period. Teamwork Financial Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Clarus Wealth Advisors purchased a new stake in shares of The Goldman Sachs Group during the first quarter valued at about $248,000. Whipplewood Advisors LLC grew its position in shares of The Goldman Sachs Group by 96,078.0% in the 1st quarter. Whipplewood Advisors LLC now owns 56,745 shares of the investment management company’s stock worth $30,999,000 after buying an additional 56,686 shares during the last quarter. Selway Asset Management raised its stake in shares of The Goldman Sachs Group by 23.3% during the 1st quarter. Selway Asset Management now owns 3,045 shares of the investment management company’s stock worth $1,663,000 after acquiring an additional 575 shares in the last quarter. RFG Advisory LLC raised its stake in shares of The Goldman Sachs Group by 15.1% during the 1st quarter. RFG Advisory LLC now owns 4,716 shares of the investment management company’s stock worth $2,576,000 after acquiring an additional 619 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its position in The Goldman Sachs Group by 13.1% during the first quarter. HBW Advisory Services LLC now owns 589 shares of the investment management company’s stock valued at $322,000 after acquiring an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GS shares. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a report on Monday, April 7th. Daiwa Capital Markets cut The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective for the company. in a research report on Friday, April 4th. Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, Wells Fargo & Company dropped their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $593.40.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS opened at $604.12 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a 50 day moving average of $552.09 and a two-hundred day moving average of $582.35. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The firm has a market capitalization of $185.37 billion, a PE ratio of 14.90, a P/E/G ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 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 the consensus estimate 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 quarter in the prior year, the business earned $11.58 earnings per share. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company 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 dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.99%. The Goldman Sachs Group’s payout ratio is 27.85%.

About The Goldman Sachs Group

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.