The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Davis R M Inc.

Davis R M Inc. increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 7.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,133 shares of the investment management company’s stock after acquiring an additional 75 shares during the period. Davis R M Inc.’s holdings in The Goldman Sachs Group were worth $437,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First United Bank & Trust acquired a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $26,000. Truvestments Capital LLC boosted its stake in shares of The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $32,000. Signature Resources Capital Management LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $39,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

GS has been the subject of several research analyst reports. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a research report on Tuesday, April 16th. Evercore ISI upped their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Royal Bank of Canada increased their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 16th. Citigroup boosted their price target on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Edward Jones started coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $440.57.

The Goldman Sachs Group Stock Down 0.2 %

Shares of NYSE GS traded down $0.87 during mid-day trading on Thursday, reaching $461.51. The company had a trading volume of 314,561 shares, compared to its average volume of 2,331,150. The stock has a fifty day moving average of $422.29 and a two-hundred day moving average of $388.77. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $471.48. The company has a market capitalization of $148.82 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 0.95 and a beta of 1.40. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the prior year, the company posted $8.79 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.38%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group 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.