1,649,146 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,649,146 shares of the investment management company's stock, valued at approximately $944,334,000. The Goldman Sachs Group accounts for approximately 6.2% of Castlekeep Investment Advisors LLC's portfolio, making the stock its 3rd largest holding. Castlekeep Investment Advisors LLC owned approximately 0.53% of The Goldman Sachs Group at the end of the most recent reporting period.

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

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded up $2.63 on Wednesday, reaching $551.99. 1,954,736 shares of the stock were exchanged, compared to its average volume of 2,375,867. The firm's 50 day moving average is $536.95 and its 200-day moving average is $575.31. The firm has a market cap of $172.24 billion, a PE ratio of 13.61, a P/E/G ratio of 0.89 and a beta of 1.32. 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 one year low of $437.37 and a one year high of $672.19.

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 for the quarter, beating analysts' consensus estimates 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 firm 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 business posted $11.58 EPS. As a group, analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.17%. The Goldman Sachs Group's payout ratio is currently 27.85%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JMP Securities cut their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a report on Friday, April 4th. UBS Group increased their price objective on 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. Barclays cut their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the stock an "equal weight" rating in a research note on Monday, April 7th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group 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.