Avanza Fonder AB Has $13.37 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Avanza Fonder AB boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,748 shares of the investment management company’s stock after buying an additional 244 shares during the quarter. Avanza Fonder AB’s holdings in The Goldman Sachs Group were worth $13,372,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GS. Asset Planning Inc acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at $30,000. Godsey & Gibb Inc. boosted its stake in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after buying an additional 34 shares in the last quarter. Transce3nd LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares of the company’s stock, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on GS. Barclays decreased their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. JMP Securities reduced their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada reduced their price objective on 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. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and an average price target of $593.40.

The Goldman Sachs Group Trading Down 0.1%

Shares of GS opened at $613.29 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The firm has a market capitalization of $188.18 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The stock’s fifty day simple moving average is $556.69 and its 200-day simple moving average is $582.80.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the prior year, the firm posted $11.58 earnings per share. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 1.96%. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

About The Goldman Sachs Group

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.