Alpine Bank Wealth Management Takes Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Alpine Bank Wealth Management acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,409 shares of the investment management company's stock, valued at approximately $1,862,000.

Several other large investors have also recently added to or reduced their stakes in GS. GAMMA Investing LLC raised its holdings in shares of The Goldman Sachs Group by 63,864.7% during the 1st 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 in the last quarter. International Assets Investment Management LLC acquired a new position in The Goldman Sachs Group during the first quarter worth $1,766,238,000. Norges Bank acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $1,603,315,000. Castlekeep Investment Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $944,334,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $624,844,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of GS traded up $18.47 during trading hours on Thursday, hitting $688.34. The stock had a trading volume of 2,848,497 shares, compared to its average volume of 2,378,521. The stock has a market capitalization of $211.21 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 0.91 and a beta of 1.32. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The company's fifty day moving average is $591.14 and its two-hundred day moving average is $585.75. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $690.13.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data 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 Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same period in the prior year, the firm earned $11.58 earnings per share. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given 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 yield of 1.74%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GS. Royal Bank Of Canada lowered their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Wall Street Zen lowered shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Barclays cut their price objective on shares of 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. Finally, Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price on the stock. in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $595.67.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was bought 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 in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.