Alpha Cubed Investments LLC Boosts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Alpha Cubed Investments LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 20,549.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,307 shares of the investment management company's stock after buying an additional 72,952 shares during the quarter. The Goldman Sachs Group accounts for 1.8% of Alpha Cubed Investments LLC's investment portfolio, making the stock its 18th largest holding. Alpha Cubed Investments LLC's holdings in The Goldman Sachs Group were worth $40,047,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Davidson Investment Advisors raised its position in The Goldman Sachs Group by 2.1% in the 1st quarter. Davidson Investment Advisors now owns 51,559 shares of the investment management company's stock valued at $28,166,000 after buying an additional 1,070 shares during the last quarter. Jessup Wealth Management Inc purchased a new stake in The Goldman Sachs Group in the 1st quarter valued at $1,119,000. EULAV Asset Management raised its position in The Goldman Sachs Group by 31.0% in the 1st quarter. EULAV Asset Management now owns 9,500 shares of the investment management company's stock valued at $5,190,000 after buying an additional 2,250 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in The Goldman Sachs Group by 81.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 22,058 shares of the investment management company's stock valued at $12,050,000 after buying an additional 9,922 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its position in The Goldman Sachs Group by 43.9% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 6,871 shares of the investment management company's stock valued at $3,753,000 after buying an additional 2,097 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

GS traded down $14.15 during trading hours on Tuesday, hitting $696.78. The company's stock had a trading volume of 3,098,904 shares, compared to its average volume of 2,404,468. The stock has a market cap of $213.80 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 0.97 and a beta of 1.35. The business's 50-day moving average price is $620.36 and its 200-day moving average price is $593.17. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $726.00.

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 earnings per share for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter in the previous year, the business posted $11.58 earnings per share. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

Insider Activity 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 that occurred on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director owned 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their target price 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. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Wall Street Zen lowered The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Finally, Barclays decreased their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $614.00.

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.