2,006 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by 1248 Management LLC

1248 Management LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,006 shares of the investment management company's stock, valued at approximately $1,149,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. raised its holdings in The Goldman Sachs Group by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company's stock worth $129,144,000 after buying an additional 5,541 shares during the last quarter. Baxter Bros Inc. raised its stake in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after purchasing an additional 151 shares during the period. Erste Asset Management GmbH raised its position in The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after acquiring an additional 320 shares during the period. Franklin Street Advisors Inc. NC boosted its stake in The Goldman Sachs Group by 8.1% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company's stock valued at $21,934,000 after acquiring an additional 2,863 shares during the last quarter. Finally, Atlas Legacy Advisors LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $356,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded down $6.69 during trading on Monday, hitting $559.41. 2,196,793 shares of the company's stock traded hands, compared to its average volume of 2,372,313. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50-day simple moving average of $540.70 and a 200-day simple moving average of $575.44. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The stock has a market capitalization of $174.56 billion, a P/E ratio of 13.80, a PEG ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the previous year, the firm posted $11.58 EPS. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup lowered their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Barclays cut their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the stock an "equal weight" rating in a research report on Monday, April 7th. Finally, Royal Bank of Canada cut their target price on shares of 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. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, The Goldman Sachs Group currently has an average rating of "Hold" and an average price target 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.