180 Wealth Advisors LLC Acquires 2,114 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

180 Wealth Advisors LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 70.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,129 shares of the investment management company's stock after acquiring an additional 2,114 shares during the period. 180 Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $2,802,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GS. GAMMA Investing LLC lifted its stake in The Goldman Sachs Group by 63,864.7% in the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after purchasing an additional 3,970,467 shares during the last quarter. Norges Bank purchased a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $1,603,315,000. Castlekeep Investment Advisors LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $944,334,000. Raymond James Financial Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $624,844,000. Finally, Proficio Capital Partners LLC lifted its stake in The Goldman Sachs Group by 14,007.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock valued at $606,815,000 after purchasing an additional 1,052,204 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Price Performance

GS traded up $7.87 during trading on Thursday, reaching $607.08. The stock had a trading volume of 1,009,639 shares, compared to its average volume of 2,365,305. The stock has a market cap of $186.28 billion, a PE ratio of 14.97, a PEG 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 business has a 50-day moving average of $553.22 and a 200-day moving average of $582.47.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned $11.58 earnings per share. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.98%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Daiwa Capital Markets downgraded 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. Evercore ISI dropped 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. Barclays dropped 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. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company dropped their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $593.40.

Insider Activity

In related news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group 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.