Bayesian Capital Management LP Invests $527,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Bayesian Capital Management LP acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 920 shares of the investment management company's stock, valued at approximately $527,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GS. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group during the fourth quarter valued at $29,000. Curio Wealth LLC acquired a new position in The Goldman Sachs Group in the 4th quarter worth about $30,000. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 0.2 %

GS stock traded up $1.41 on Friday, reaching $567.11. The company's stock had a trading volume of 1,522,482 shares, compared to its average volume of 2,371,071. 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, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The firm has a market cap of $174.01 billion, a PE ratio of 13.99, a PEG ratio of 0.89 and a beta of 1.32. The business has a fifty day simple moving average of $535.92 and a two-hundred day simple moving average of $575.98.

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 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period last year, the business posted $11.58 EPS. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

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

Insider Activity

In other news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought 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 owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GS. Wells Fargo & Company reduced their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Evercore ISI decreased their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $593.40.

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.