The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Parisi Gray Wealth Management

Parisi Gray Wealth Management lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,838 shares of the investment management company’s stock after buying an additional 993 shares during the period. The Goldman Sachs Group makes up about 1.0% of Parisi Gray Wealth Management’s investment portfolio, making the stock its 25th largest holding. Parisi Gray Wealth Management’s holdings in The Goldman Sachs Group were worth $3,189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $30,000. Godsey & Gibb Inc. increased its stake in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after purchasing an additional 34 shares in the last quarter. Transce3nd LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at about $31,000. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GS has been the topic of several recent analyst reports. Barclays dropped their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Evercore ISI decreased their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a research report on Friday, April 4th. Finally, Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a research report on Monday, April 7th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $593.40.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $614.49 on Monday. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. The company has a market cap of $188.55 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.89 and a beta of 1.32. The business’s 50 day moving average is $555.71 and its two-hundred day moving average is $582.73. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

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 the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the prior year, the company earned $11.58 EPS. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is owned by company insiders.

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.