Capital Investment Advisors LLC Boosts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Capital Investment Advisors LLC increased its stake in The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 11.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 43,073 shares of the investment management company’s stock after acquiring an additional 4,507 shares during the quarter. Capital Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $14,218,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Peoples Financial Services CORP. increased its position in The Goldman Sachs Group by 37.2% during the 4th quarter. Peoples Financial Services CORP. now owns 4,220 shares of the investment management company’s stock valued at $1,614,000 after purchasing an additional 1,145 shares during the period. Raymond James Trust N.A. increased its position in The Goldman Sachs Group by 6.6% during the 4th quarter. Raymond James Trust N.A. now owns 5,673 shares of the investment management company’s stock valued at $2,170,000 after purchasing an additional 350 shares during the period. Kercheville Advisors LLC increased its position in The Goldman Sachs Group by 26.6% during the 4th quarter. Kercheville Advisors LLC now owns 9,937 shares of the investment management company’s stock valued at $3,801,000 after purchasing an additional 2,090 shares during the period. JustInvest LLC increased its position in The Goldman Sachs Group by 39.1% during the 4th quarter. JustInvest LLC now owns 7,855 shares of the investment management company’s stock valued at $3,005,000 after purchasing an additional 2,206 shares during the period. Finally, Exane Asset Management increased its position in The Goldman Sachs Group by 50.3% during the 4th quarter. Exane Asset Management now owns 70,146 shares of the investment management company’s stock valued at $26,834,000 after purchasing an additional 23,481 shares during the period. 71.42% of the stock is currently owned by institutional investors.

A number of research analysts have commented on the stock. Oppenheimer cut their target price on shares of The Goldman Sachs Group from $546.00 to $519.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 3rd. Wells Fargo & Company downgraded shares of The Goldman Sachs Group from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 28th. StockNews.com initiated coverage on shares of The Goldman Sachs Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Piper Sandler cut their price objective on shares of The Goldman Sachs Group from $465.00 to $430.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 5th. Finally, Morgan Stanley cut their price objective on shares of The Goldman Sachs Group from $445.00 to $418.00 and set an “equal weight” rating on the stock in a research report on Monday, March 28th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and an average price target of $440.73.

Shares of NYSE GS opened at $284.54 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 2.47. The Goldman Sachs Group, Inc. has a 12 month low of $278.15 and a 12 month high of $426.16. The company has a 50 day simple moving average of $310.94 and a two-hundred day simple moving average of $341.42. The stock has a market cap of $97.73 billion, a price-to-earnings ratio of 5.52, a PEG ratio of 0.59 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GSGet Rating) last announced its quarterly earnings data on Thursday, April 14th. The investment management company reported $10.76 EPS for the quarter, beating the consensus estimate of $8.61 by $2.15. The Goldman Sachs Group had a net margin of 31.21% and a return on equity of 19.08%. The business had revenue of $12.93 billion during the quarter, compared to analysts’ expectations of $11.76 billion. During the same period in the previous year, the business posted $18.60 EPS. The business’s quarterly revenue was down 26.9% compared to the same quarter last year. Analysts forecast that The Goldman Sachs Group, Inc. will post 37.7 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 1st will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Tuesday, May 31st. The Goldman Sachs Group’s payout ratio is 15.53%.

In other news, Director Goldman Sachs Group Inc sold 86,068 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $15.30, for a total transaction of $1,316,840.40. Following the completion of the transaction, the director now directly owns 2,240,454 shares of the company’s stock, valued at approximately $34,278,946.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David M. Solomon sold 9,768 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $334.57, for a total transaction of $3,268,079.76. Following the transaction, the chief executive officer now directly owns 96,467 shares of the company’s stock, valued at $32,274,964.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,330,390 shares of company stock valued at $28,952,332. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Profile (Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

See Also

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:GSGet Rating).

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

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