Aptus Capital Advisors LLC Acquires 3,461 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Aptus Capital Advisors LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 78.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,852 shares of the investment management company's stock after acquiring an additional 3,461 shares during the period. Aptus Capital Advisors LLC's holdings in The Goldman Sachs Group were worth $4,496,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GS. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group during the 4th quarter valued at about $29,000. Curio Wealth LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $30,000. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $34,000. Institutional investors own 71.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. UBS Group upped 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. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, Evercore ISI dropped their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus price target of $593.40.

Insiders Place Their Bets

In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Up 0.2 %

Shares of NYSE:GS traded up $1.41 during mid-day trading on Friday, reaching $567.11. 1,521,477 shares of the company's stock were exchanged, compared to its average volume of 2,372,417. The firm has a market capitalization of $174.01 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19. The business's fifty day moving average price is $536.18 and its 200-day moving average price is $575.65. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $14.99 billion. During the same quarter last year, the business earned $11.58 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.12%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

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.