BayBridge Capital Group LLC Acquires New Shares in The Goldman Sachs Group, Inc. (NYSE:GS)

BayBridge Capital Group LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,673 shares of the investment management company's stock, valued at approximately $1,460,000.

A number of other institutional investors have also recently made changes to their positions in GS. GAMMA Investing LLC boosted its position in shares of The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after purchasing an additional 3,970,467 shares in the last quarter. Norges Bank acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $1,603,315,000. Castlekeep Investment Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $944,334,000. Raymond James Financial Inc. acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $624,844,000. Finally, Proficio Capital Partners LLC lifted its position in The Goldman Sachs Group by 14,007.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock worth $606,815,000 after acquiring an additional 1,052,204 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased 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 of the company's stock, 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 available at this hyperlink. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on GS. JPMorgan Chase & Co. lowered their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the stock an "equal weight" rating in a research report on Monday, April 7th. Daiwa America cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. JMP Securities lowered their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada reduced their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded down $12.04 on Friday, hitting $613.07. 1,674,605 shares of the company were exchanged, compared to its average volume of 2,373,273. The stock has a market capitalization of $188.12 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The company has a 50-day moving average price of $568.13 and a 200 day moving average price of $583.37. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19. 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 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, topping the consensus estimate 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 period in the previous year, the firm posted $11.58 EPS. As a group, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

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.