AM Investment Strategies LLC Boosts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

AM Investment Strategies LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,657 shares of the investment management company’s stock after purchasing an additional 36 shares during the period. The Goldman Sachs Group makes up 1.7% of AM Investment Strategies LLC’s portfolio, making the stock its 9th biggest holding. AM Investment Strategies LLC’s holdings in The Goldman Sachs Group were worth $6,040,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Syon Capital LLC grew its position in The Goldman Sachs Group by 19.1% in the fourth quarter. Syon Capital LLC now owns 5,135 shares of the investment management company’s stock worth $1,981,000 after acquiring an additional 824 shares in the last quarter. Lyell Wealth Management LP bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $209,000. Bailard Inc. bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at about $212,000. Tokio Marine Asset Management Co. Ltd. raised its stake in The Goldman Sachs Group by 5.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,366 shares of the investment management company’s stock worth $2,842,000 after buying an additional 364 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in The Goldman Sachs Group by 7.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,004 shares of the investment management company’s stock worth $4,631,000 after buying an additional 788 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS traded down $2.99 during midday trading on Thursday, reaching $420.05. The company’s stock had a trading volume of 1,966,097 shares, compared to its average volume of 2,386,683. The firm has a market capitalization of $136.32 billion, a PE ratio of 16.40, a P/E/G ratio of 1.36 and a beta of 1.43. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The stock has a fifty day moving average of $399.41 and a 200 day moving average of $369.32. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $425.35.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same period last year, the firm posted $8.79 earnings per share. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group 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 completion of the sale, 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 through this hyperlink. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group 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 completion of the sale, 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 through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group 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 sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GS shares. Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a report on Tuesday, April 16th. BMO Capital Markets increased their price target 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. JPMorgan Chase & Co. raised their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. JMP Securities lifted their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Finally, UBS Group lifted their price target on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price 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.