Aspetuck Financial Management LLC Acquires Shares of 1,114 The Goldman Sachs Group, Inc. (NYSE:GS)

Aspetuck Financial Management LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,114 shares of the investment management company's stock, valued at approximately $609,000.

Several other hedge funds have also added to or reduced their stakes in GS. Deutsche Bank AG increased its stake in shares of The Goldman Sachs Group by 15.4% during the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after purchasing an additional 138,198 shares during the last quarter. Baxter Bros Inc. grew its holdings in The Goldman Sachs Group by 1.0% during the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock valued at $8,879,000 after purchasing an additional 151 shares during the period. Erste Asset Management GmbH increased its position in The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after buying an additional 320 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in shares of The Goldman Sachs Group by 65.7% in the fourth quarter. Fidelis Capital Partners LLC now owns 7,418 shares of the investment management company's stock valued at $4,691,000 after buying an additional 2,942 shares during the period. Finally, Berkshire Asset Management LLC PA lifted its position in shares of The Goldman Sachs Group by 7.2% during the 4th quarter. Berkshire Asset Management LLC PA now owns 1,164 shares of the investment management company's stock valued at $667,000 after buying an additional 78 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JMP Securities decreased their price objective on 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. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Royal Bank Of Canada lowered their price target on shares of 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. Morgan Stanley raised their price objective on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, Daiwa Capital Markets lowered The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $595.67.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded up $18.47 during mid-day trading on Thursday, reaching $688.34. 2,848,497 shares of the company were exchanged, compared to its average volume of 2,377,537. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $690.13. The company's 50 day moving average price is $591.14 and its 200 day moving average price is $585.75. The stock has a market capitalization of $211.21 billion, a PE ratio of 15.97, a PEG ratio of 0.90 and a beta of 1.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41.

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, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the company posted $11.58 earnings per share. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost 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 represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.55% of the company's stock.

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.