3,650 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 3,650 shares of the investment management company’s stock, valued at approximately $1,994,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock worth $2,172,423,000 after buying an additional 3,970,467 shares in the last quarter. Norges Bank acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $1,603,315,000. Castlekeep Investment Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $944,334,000. Raymond James Financial Inc. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $624,844,000. Finally, Proficio Capital Partners LLC increased its stake in The Goldman Sachs Group by 14,007.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock valued at $606,815,000 after acquiring an additional 1,052,204 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $624.30 on Wednesday. The business has a 50 day moving average of $573.58 and a 200-day moving average of $583.63. The company has a market capitalization of $191.56 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.85 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68.

The Goldman Sachs Group (NYSE:GS) last announced 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 firm had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period in the prior year, the company posted $11.58 EPS. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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 is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The Goldman Sachs Group’s payout ratio is 27.85%.

Wall Street Analyst Weigh In

Several brokerages have commented on GS. Wells Fargo & Company lowered their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. 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. dropped their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the company an “equal weight” rating in a research note on Monday, April 7th. Finally, Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $593.40.

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.