Wynn Capital LLC Buys Shares of 5,917 The Goldman Sachs Group, Inc. (NYSE:GS)

Wynn Capital LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,917 shares of the investment management company’s stock, valued at approximately $2,283,000. The Goldman Sachs Group makes up approximately 1.9% of Wynn Capital LLC’s portfolio, making the stock its 11th largest holding.

Several other large investors have also recently made changes to their positions in the stock. Cambridge Trust Co. boosted its stake in shares of The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after buying an additional 41 shares during the last quarter. Truvestments Capital LLC grew its stake in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares in the last quarter. BKM Wealth Management LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth $32,000. Wetzel Investment Advisors Inc. acquired a new position in The Goldman Sachs Group during the 4th quarter worth $42,000. Finally, CNB Bank lifted its holdings in The Goldman Sachs Group by 55.7% during the 3rd quarter. CNB Bank now owns 165 shares of the investment management company’s stock worth $53,000 after buying an additional 59 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. UBS Group upped their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Royal Bank of Canada upped their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 16th. Bank of America upped their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Finally, JMP Securities upped their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $434.93.

Insider Activity

In other 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 transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was 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. 0.57% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Down 0.2 %

Shares of GS traded down $0.96 during midday trading on Wednesday, reaching $423.04. 1,568,788 shares of the stock were exchanged, compared to its average volume of 2,391,933. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $425.35. The firm has a 50 day simple moving average of $397.82 and a 200-day simple moving average of $368.58. 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 company has a market cap of $137.29 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.34 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.79 EPS. Research analysts forecast that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

About The Goldman Sachs Group

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.