1,557 Shares in The Goldman Sachs Group, Inc. $GS Acquired by Tandemgrowth Financial Advisors LLC

Tandemgrowth Financial Advisors LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,557 shares of the investment management company’s stock, valued at approximately $1,369,000. The Goldman Sachs Group accounts for approximately 1.2% of Tandemgrowth Financial Advisors LLC’s portfolio, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of GS. Dagco Inc. bought a new position in The Goldman Sachs Group in the fourth quarter worth approximately $25,000. Manning & Napier Advisors LLC grew its stake in The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth approximately $31,000. Entrust Financial LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth approximately $34,000. Finally, Graney & King LLC grew its stake in The Goldman Sachs Group by 51.5% in the second quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock worth $35,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 3.5%

Shares of NYSE:GS opened at $1,036.12 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $609.59 and a 12-month high of $1,098.36. The business’s fifty day simple moving average is $953.27 and its 200-day simple moving average is $908.78. The company has a market capitalization of $305.67 billion, a PE ratio of 18.93, a P/E/G ratio of 1.30 and a beta of 1.30. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping analysts’ consensus estimates of $15.92 by $1.63. The firm had revenue of $17.23 billion during the quarter, compared to analysts’ expectations of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $14.12 EPS. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 59.08 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be given a $4.50 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.89%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GS shares. Rothschild & Co Redburn lifted their price target on The Goldman Sachs Group from $839.00 to $870.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Morgan Stanley cut their price target on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Daiwa Securities Group lifted their price target on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. HSBC lifted their price target on The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Finally, Royal Bank Of Canada reiterated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Nine research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $943.95.

Get Our Latest Report on GS

Insiders Place Their Bets

In other news, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the sale, the chief financial officer owned 31,070 shares of the company’s stock, valued at $30,248,198.50. This trade represents a 18.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total value of $13,421,188.44. Following the completion of the sale, the insider directly owned 15,657 shares of the company’s stock, valued at $14,703,018.99. The trade was a 47.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 33,681 shares of company stock worth $31,737,875 over the last quarter. Company insiders own 0.55% of the company’s stock.

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About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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