Stonegate Investment Group LLC Purchases 226 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Stonegate Investment Group LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,089 shares of the investment management company’s stock after buying an additional 226 shares during the period. Stonegate Investment Group LLC’s holdings in The Goldman Sachs Group were worth $1,708,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kessler Investment Group LLC grew its position in shares of The Goldman Sachs Group by 38.9% in the 1st quarter. Kessler Investment Group LLC now owns 4,281 shares of the investment management company’s stock valued at $1,788,000 after acquiring an additional 1,200 shares during the period. American Financial Advisors LLC bought a new position in The Goldman Sachs Group during the first quarter worth about $203,000. Nilsine Partners LLC grew its holdings in The Goldman Sachs Group by 9.8% during the first quarter. Nilsine Partners LLC now owns 3,143 shares of the investment management company’s stock worth $1,313,000 after purchasing an additional 280 shares during the period. PFG Investments LLC increased its position in The Goldman Sachs Group by 52.1% during the first quarter. PFG Investments LLC now owns 4,179 shares of the investment management company’s stock worth $1,746,000 after buying an additional 1,432 shares during the last quarter. Finally, Altfest L J & Co. Inc. bought a new stake in The Goldman Sachs Group in the first quarter valued at approximately $213,000. 71.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GS. BMO Capital Markets boosted their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective on the stock in a report on Tuesday, April 16th. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, Citigroup increased their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $437.04.

The Goldman Sachs Group Price Performance

NYSE GS traded down $4.10 during midday trading on Tuesday, hitting $426.71. The company had a trading volume of 1,824,396 shares, compared to its average volume of 2,380,056. The firm has a 50-day moving average price of $402.04 and a 200-day moving average price of $372.58. The company has a market capitalization of $138.48 billion, a PE ratio of 16.66, a P/E/G ratio of 1.35 and a beta of 1.43. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $433.33.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.79 earnings per share. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 35.86 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared 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 2.58%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s 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 transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company 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.