Fire Capital Management LLC Takes $647,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Fire Capital Management LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,130 shares of the investment management company's stock, valued at approximately $647,000.

Several other large investors have also recently added to or reduced their stakes in GS. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $30,000. Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. Finally, Transce3nd LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at about $31,000. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on GS shares. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. 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. JMP Securities reduced their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Trading Down 0.8%

Shares of The Goldman Sachs Group stock traded down $5.00 during midday trading on Friday, reaching $599.86. The company had a trading volume of 2,129,454 shares, compared to its average volume of 2,379,070. The stock has a fifty day moving average price of $550.69 and a 200 day moving average price of $582.29. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $184.06 billion, a PE ratio of 14.79, a P/E/G ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $11.58 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.00%. The Goldman Sachs Group's payout ratio is currently 27.85%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the 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 acquisition, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.55% of the stock is currently owned by corporate insiders.

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.