Parisi Gray Wealth Management Has $3.19 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Parisi Gray Wealth Management lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,838 shares of the investment management company’s stock after purchasing an additional 993 shares during the quarter. The Goldman Sachs Group accounts for 1.0% of Parisi Gray Wealth Management’s portfolio, making the stock its 25th largest position. Parisi Gray Wealth Management’s holdings in The Goldman Sachs Group were worth $3,189,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Seelaus Asset Management LLC grew its position in The Goldman Sachs Group by 2.5% during the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company’s stock valued at $378,000 after buying an additional 16 shares during the period. Pointe Capital Management LLC grew its position in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock valued at $951,000 after acquiring an additional 16 shares during the period. Blackston Financial Advisory Group LLC increased its stake in shares of The Goldman Sachs Group by 2.1% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 831 shares of the investment management company’s stock worth $476,000 after purchasing an additional 17 shares during the last quarter. Morris Financial Concepts Inc. raised its holdings in shares of The Goldman Sachs Group by 3.5% in the 4th quarter. Morris Financial Concepts Inc. now owns 536 shares of the investment management company’s stock worth $307,000 after purchasing an additional 18 shares during the period. Finally, Delta Financial Advisors LLC lifted its stake in The Goldman Sachs Group by 0.3% in the fourth quarter. Delta Financial Advisors LLC now owns 6,861 shares of the investment management company’s stock valued at $3,929,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GS shares. Barclays lowered their target price 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. Daiwa America lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Evercore ISI dropped their target price on 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, Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the stock an “equal weight” rating in a report on Monday, April 7th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $593.40.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $614.49 on Monday. The company has a market capitalization of $188.55 billion, a P/E ratio of 15.15, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50 day moving average price of $555.71 and a two-hundred day moving average price of $582.73.

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 for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter in the prior year, the company posted $11.58 EPS. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s payout ratio is 27.85%.

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.