The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Boosted by Stonegate Investment Group LLC

Stonegate Investment Group LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,089 shares of the investment management company’s stock after purchasing an additional 226 shares during the period. Stonegate Investment Group LLC’s holdings in The Goldman Sachs Group were worth $1,708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GS. Kessler Investment Group LLC lifted its stake in The Goldman Sachs Group by 38.9% in the 1st quarter. Kessler Investment Group LLC now owns 4,281 shares of the investment management company’s stock worth $1,788,000 after acquiring an additional 1,200 shares in the last quarter. American Financial Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at about $203,000. Nilsine Partners LLC lifted its position in shares of The Goldman Sachs Group by 9.8% in the first quarter. Nilsine Partners LLC now owns 3,143 shares of the investment management company’s stock worth $1,313,000 after purchasing an additional 280 shares in the last quarter. PFG Investments LLC boosted its holdings in shares of The Goldman Sachs Group by 52.1% during the first quarter. PFG Investments LLC now owns 4,179 shares of the investment management company’s stock worth $1,746,000 after purchasing an additional 1,432 shares during the period. Finally, Altfest L J & Co. Inc. purchased a new position in The Goldman Sachs Group during the first quarter valued at approximately $213,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on 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 sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GS. HSBC increased their target price on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a research note on Tuesday, April 16th. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. Edward Jones assumed coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They set a “buy” rating for the company. Finally, Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. 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, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $437.04.

The Goldman Sachs Group Stock Performance

GS stock traded down $4.10 during mid-day trading on Tuesday, reaching $426.71. 1,824,396 shares of the stock traded hands, compared to its average volume of 2,380,056. The firm has a market capitalization of $138.48 billion, a PE ratio of 16.66, a P/E/G ratio of 1.35 and a beta of 1.43. The business has a 50-day moving average of $402.04 and a two-hundred day moving average of $372.58. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $433.33. 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 Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.79 EPS. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.58%. The Goldman Sachs Group’s payout ratio is 42.95%.

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.