Plimoth Trust Co. LLC Acquires 186 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Plimoth Trust Co. LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,146 shares of the investment management company’s stock after purchasing an additional 186 shares during the period. Plimoth Trust Co. LLC’s holdings in The Goldman Sachs Group were worth $2,265,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $30,000. Mascagni Wealth Management Inc. purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $31,000. Transce3nd LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth $31,000. Godsey & Gibb Inc. increased 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 worth $30,000 after buying an additional 34 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $34,000. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GS has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Citigroup lowered their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Wall Street Zen downgraded The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective for the company. in a report on Friday, April 4th. Finally, Royal Bank Of Canada lowered their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 15th. One equities 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $593.40.

The Goldman Sachs Group Trading Up 1.8%

Shares of GS opened at $635.69 on Thursday. The stock has a market capitalization of $195.06 billion, a PE ratio of 14.75, a P/E/G ratio of 0.85 and a beta of 1.32. The company’s fifty day moving average is $575.93 and its 200 day moving average is $583.99. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate 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 previous year, the firm posted $11.58 EPS. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.89%. The Goldman Sachs Group’s payout ratio is currently 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group 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.