Cary Street Partners Financial LLC Buys Shares of 17,393 The Goldman Sachs Group, Inc. (NYSE:GS)

Cary Street Partners Financial LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 17,393 shares of the investment management company's stock, valued at approximately $9,960,000.

A number of other institutional investors and hedge funds have also modified their holdings of GS. Castlekeep Investment Advisors LLC bought a new stake in The Goldman Sachs Group in the fourth quarter valued at about $944,334,000. Baird Financial Group Inc. grew its position in shares of The Goldman Sachs Group by 5.6% during the 4th quarter. Baird Financial Group Inc. now owns 110,871 shares of the investment management company's stock worth $63,487,000 after buying an additional 5,877 shares during the period. Bayesian Capital Management LP bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $527,000. Benjamin Edwards Inc. raised its position in shares of The Goldman Sachs Group by 5.7% in the 4th quarter. Benjamin Edwards Inc. now owns 8,020 shares of the investment management company's stock valued at $4,594,000 after acquiring an additional 435 shares during the period. Finally, BNP Paribas boosted its stake in The Goldman Sachs Group by 1,922.2% during the 4th quarter. BNP Paribas now owns 14,944 shares of the investment management company's stock worth $8,557,000 after acquiring an additional 14,205 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $566.78 on Monday. The firm's 50 day moving average is $540.70 and its 200-day moving average is $575.44. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $176.86 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly 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 net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period in the previous year, the business earned $11.58 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared 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 is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.12%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Analysts Set New Price Targets

GS has been the subject of several recent analyst reports. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Barclays lowered their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada dropped their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of "Hold" and a consensus price target 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.

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