Advanced Portfolio Management LLC Purchases New Shares in The Goldman Sachs Group, Inc. (NYSE:GS)

Advanced Portfolio Management LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,066 shares of the investment management company's stock, valued at approximately $1,183,000. The Goldman Sachs Group makes up 1.4% of Advanced Portfolio Management LLC's portfolio, making the stock its 28th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. All Terrain Financial Advisors LLC increased its stake in shares of The Goldman Sachs Group by 30.0% during the fourth quarter. All Terrain Financial Advisors LLC now owns 1,300 shares of the investment management company's stock valued at $744,000 after purchasing an additional 300 shares in the last quarter. 1248 Management LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $1,149,000. 4WEALTH Advisors Inc. purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $412,000. Meiji Yasuda Life Insurance Co grew its position in The Goldman Sachs Group by 4.2% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 24,996 shares of the investment management company's stock valued at $14,313,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Pennington Partners & CO. LLC bought a new stake in The Goldman Sachs Group during the 4th quarter valued at about $801,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GS. Barclays cut their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a report on Friday, April 4th. Evercore ISI dropped their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Finally, UBS Group increased their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Price Performance

Shares of GS traded down $10.08 during trading hours on Tuesday, reaching $549.48. 2,899,985 shares of the stock traded hands, compared to its average volume of 2,376,262. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market cap of $171.46 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The company's 50-day moving average price is $539.53 and its two-hundred day moving average price is $575.66.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter last year, the company earned $11.58 EPS. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.18%. The Goldman Sachs Group's dividend payout ratio is 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by 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.