549 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Tanager Wealth Management LLP

Tanager Wealth Management LLP bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 549 shares of the investment management company’s stock, valued at approximately $212,000.

Other hedge funds have also added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth $32,000. Cambridge Trust Co. lifted its holdings in shares of The Goldman Sachs Group by 82.0% during the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 41 shares in the last quarter. Truvestments Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 88.0% during the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Pacific Center for Financial Services bought a new position in shares of The Goldman Sachs Group during the first quarter valued at $33,000. Finally, First Capital Advisors Group LLC. bought a new position in shares of The Goldman Sachs Group during the second quarter valued at $34,000. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on GS shares. Royal Bank of Canada upped their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday. HSBC upped their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a report on Tuesday. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Finally, UBS Group increased their target price on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $434.93.

The Goldman Sachs Group Stock Performance

GS traded up $0.89 during midday trading on Friday, reaching $404.00. The company had a trading volume of 2,797,043 shares, compared to its average volume of 2,375,805. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The business has a 50-day moving average of $396.03 and a two-hundred day moving average of $365.61. The company has a market cap of $131.11 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.31 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $419.20.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same quarter last year, the business posted $8.79 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 35.15 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,277 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total transaction of $2,763,877.37. Following the completion of the transaction, the insider now owns 6,501 shares in the company, valued at approximately $2,469,144.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,907 shares of company stock worth $13,950,851. 0.54% of the stock is owned by corporate insiders.

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.