Strategic Advisors LLC Purchases 1,842 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Strategic Advisors LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.6% during the first quarter, Holdings Channel reports. The fund owned 19,216 shares of the investment management company’s stock after purchasing an additional 1,842 shares during the period. The Goldman Sachs Group makes up about 2.0% of Strategic Advisors LLC’s portfolio, making the stock its 11th biggest position. Strategic Advisors LLC’s holdings in The Goldman Sachs Group were worth $10,497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock worth $2,172,423,000 after purchasing an additional 3,970,467 shares during the last quarter. Norges Bank acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $1,603,315,000. Castlekeep Investment Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $944,334,000. Raymond James Financial Inc. acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $624,844,000. Finally, Proficio Capital Partners LLC boosted its holdings in The Goldman Sachs Group by 14,007.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock valued at $606,815,000 after acquiring an additional 1,052,204 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 2.3%

GS stock opened at $627.63 on Tuesday. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19. The business’s 50 day simple moving average is $571.45 and its 200 day simple moving average is $583.34. 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 market capitalization of $192.58 billion, a PE ratio of 15.48, a PEG ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 previous year, the company earned $11.58 earnings per share. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.91%. The Goldman Sachs Group’s payout ratio is presently 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

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 stock was purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now 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 legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Evercore ISI dropped their price objective on 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. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Daiwa America lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Royal Bank of Canada reduced their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 15th. Finally, Wall Street Zen lowered shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $593.40.

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.