Opinicus Capital Inc. Invests $607,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Opinicus Capital Inc. bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 1,574 shares of the investment management company’s stock, valued at approximately $607,000.

A number of other hedge funds also recently made changes to their positions in GS. Albert D Mason Inc. increased its stake in shares of The Goldman Sachs Group by 4.3% during the fourth quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after buying an additional 27 shares during the period. Mayflower Financial Advisors LLC grew its stake in The Goldman Sachs Group by 1.4% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock worth $760,000 after purchasing an additional 28 shares during the period. Avitas Wealth Management LLC grew its stake in The Goldman Sachs Group by 0.7% in the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock worth $1,711,000 after purchasing an additional 29 shares during the period. Addison Advisors LLC grew its stake in The Goldman Sachs Group by 7.5% in the fourth quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock worth $160,000 after purchasing an additional 29 shares during the period. Finally, Samalin Investment Counsel LLC grew its stake in The Goldman Sachs Group by 3.5% in the third quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock worth $289,000 after purchasing an additional 30 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS traded up $7.52 during midday trading on Friday, reaching $427.57. 2,322,674 shares of the company’s stock traded hands, compared to its average volume of 2,404,007. The company has a market cap of $138.76 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 1.35 and a beta of 1.43. 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 Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $428.53. The stock has a 50 day moving average of $400.27 and a 200 day moving average of $370.11.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% 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 period in the prior year, the company posted $8.79 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, equities research 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 announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank of Canada upped their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Oppenheimer upped their price target on The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. HSBC upped their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Citigroup increased their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $434.93.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now 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 accessible through this link. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

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.