The Goldman Sachs Group, Inc. (NYSE:GS) Position Increased by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,870 shares of the investment management company’s stock after buying an additional 52 shares during the period. Moser Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,022,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $30,000. Godsey & Gibb Inc. increased its holdings in shares of 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 purchasing an additional 34 shares during the period. Transce3nd LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $31,000. Mascagni Wealth Management Inc. acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $31,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $34,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Up 0.8%

Shares of GS stock opened at $640.30 on Monday. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The business’s 50 day moving average is $581.78 and its two-hundred day moving average is $584.30. The company has a market cap of $196.47 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.87 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter last year, the company posted $11.58 earnings per share. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.87%. The Goldman Sachs Group’s dividend payout ratio is 27.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GS. Barclays dropped their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Daiwa Capital Markets downgraded The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price on the stock. in a report on Friday, April 4th. Evercore ISI dropped their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Finally, Daiwa America downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.