Carret Asset Management LLC Boosts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Carret Asset Management LLC increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,058 shares of the investment management company’s stock after purchasing an additional 800 shares during the period. Carret Asset Management LLC’s holdings in The Goldman Sachs Group were worth $5,037,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Impact Partnership Wealth LLC grew its stake in shares of The Goldman Sachs Group by 65.4% in the third quarter. Impact Partnership Wealth LLC now owns 316 shares of the investment management company’s stock worth $102,000 after acquiring an additional 125 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of The Goldman Sachs Group by 209.8% in the third quarter. Newbridge Financial Services Group Inc. now owns 536 shares of the investment management company’s stock worth $174,000 after acquiring an additional 363 shares in the last quarter. Nikulski Financial Inc. grew its stake in shares of The Goldman Sachs Group by 1.3% in the third quarter. Nikulski Financial Inc. now owns 3,833 shares of the investment management company’s stock worth $1,240,000 after acquiring an additional 49 shares in the last quarter. Kessler Investment Group LLC grew its stake in shares of The Goldman Sachs Group by 6.0% in the third quarter. Kessler Investment Group LLC now owns 3,037 shares of the investment management company’s stock worth $983,000 after acquiring an additional 171 shares in the last quarter. Finally, Capital Advisory Group Advisory Services LLC acquired a new position in shares of The Goldman Sachs Group in the third quarter worth $382,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS traded down $0.96 during trading on Wednesday, reaching $423.04. The company’s stock had a trading volume of 1,568,788 shares, compared to its average volume of 2,391,933. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The firm has a market cap of $137.29 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.34 and a beta of 1.43. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $425.35. The business’s fifty day moving average price is $397.82 and its 200-day moving average price is $368.58.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The Goldman Sachs Group’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $8.79 earnings per share. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.60%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GS shares. BMO Capital Markets lifted their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $333.00 to $449.00 in a research report on Tuesday, January 30th. Barclays lifted their price objective on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $434.93.

The Goldman Sachs Group Company 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.