Sargent Investment Group LLC Takes $989,000 Position in The Goldman Sachs Group, Inc. $GS

Sargent Investment Group LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,125 shares of the investment management company’s stock, valued at approximately $989,000.

Other large investors have also added to or reduced their stakes in the company. Dagco Inc. bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $25,000. Manning & Napier Advisors LLC grew its position in shares of The Goldman Sachs Group by 287.5% during the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after buying an additional 23 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at $31,000. Cornerstone Financial Management LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at $33,000. Finally, Entrust Financial LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at $34,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Price Performance

GS opened at $1,062.44 on Monday. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $313.43 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.38 and a beta of 1.30. The firm’s fifty day moving average price is $957.30 and its two-hundred day moving average price is $910.70. The Goldman Sachs Group, Inc. has a 1 year low of $609.59 and a 1 year high of $1,098.36.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The firm had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $14.12 EPS. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 59.08 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s payout ratio is 32.89%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GS. Citigroup lifted their price target on shares of The Goldman Sachs Group from $765.00 to $930.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday. Dbs Bank lifted their price target on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. Wells Fargo & Company reduced their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Finally, UBS Group lifted their price target on shares of The Goldman Sachs Group from $930.00 to $940.00 in a research report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $941.82.

Check Out Our Latest Stock Analysis on The Goldman Sachs Group

Insider Activity at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the transaction, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the completion of the transaction, the insider directly owned 2,578 shares in the company, valued at $2,413,472.04. This trade represents a 30.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 33,681 shares of company stock valued at $31,737,875 over the last quarter. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Featured Articles

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.