Victrix Investment Advisors Makes New $1.33 Million Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Victrix Investment Advisors acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,329 shares of the investment management company’s stock, valued at approximately $1,334,000.

A number of other hedge funds have also recently modified their holdings of GS. Procyon Advisors LLC boosted its position in shares of The Goldman Sachs Group by 10.1% in the fourth quarter. Procyon Advisors LLC now owns 914 shares of the investment management company’s stock worth $523,000 after purchasing an additional 84 shares during the period. Merit Financial Group LLC raised its position in shares of The Goldman Sachs Group by 7.5% during the 4th quarter. Merit Financial Group LLC now owns 10,557 shares of the investment management company’s stock valued at $6,045,000 after purchasing an additional 741 shares during the period. Howard Financial Services LTD. purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $205,000. HB Wealth Management LLC increased its stake in The Goldman Sachs Group by 6.3% in the 4th quarter. HB Wealth Management LLC now owns 9,858 shares of the investment management company’s stock worth $5,645,000 after buying an additional 588 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in The Goldman Sachs Group by 3.6% during the fourth quarter. Ameritas Advisory Services LLC now owns 2,587 shares of the investment management company’s stock valued at $1,481,000 after acquiring an additional 91 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.5%

Shares of NYSE GS opened at $618.91 on Monday. The company has a current ratio of 0.67, a quick 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’s 50-day moving average price is $541.11 and its 200-day moving average price is $579.83. The stock has a market capitalization of $189.91 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $11.58 earnings per share. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 dividend on an annualized basis and a yield of 1.94%. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on GS. Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Royal Bank of Canada lowered their price target on 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. Citigroup dropped their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Evercore ISI reduced their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company lowered their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $593.40.

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.