Aurora Private Wealth Inc. purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,578 shares of the investment management company's stock, valued at approximately $9,603,000. The Goldman Sachs Group accounts for about 2.5% of Aurora Private Wealth Inc.'s investment portfolio, making the stock its 4th biggest holding.
A number of other institutional investors also recently modified their holdings of the company. Checchi Capital Advisers LLC boosted its stake in The Goldman Sachs Group by 0.6% during the 1st quarter. Checchi Capital Advisers LLC now owns 10,965 shares of the investment management company's stock valued at $5,990,000 after purchasing an additional 62 shares during the period. Castle Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 4.5% in the first quarter. Castle Wealth Management LLC now owns 2,031 shares of the investment management company's stock valued at $1,110,000 after acquiring an additional 88 shares during the period. TKG Advisors LLC grew its stake in shares of The Goldman Sachs Group by 4.0% in the first quarter. TKG Advisors LLC now owns 835 shares of the investment management company's stock worth $456,000 after acquiring an additional 32 shares during the last quarter. North Capital Inc. bought a new position in The Goldman Sachs Group during the first quarter worth $119,000. Finally, D.A. Davidson & CO. raised its stake in The Goldman Sachs Group by 28.0% during the 1st quarter. D.A. Davidson & CO. now owns 59,718 shares of the investment management company's stock valued at $32,624,000 after purchasing an additional 13,076 shares during the last quarter. Institutional investors own 71.21% of the company's stock.
Insider Buying and Selling at The Goldman Sachs Group
In other news, Director John B. Hess acquired 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director directly owned 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on GS. Citigroup dropped their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Wall Street Zen lowered The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Finally, Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $603.73.
Get Our Latest Stock Report on GS
The Goldman Sachs Group Price Performance
Shares of The Goldman Sachs Group stock traded down $13.10 during trading on Monday, reaching $710.58. The company's stock had a trading volume of 2,862,335 shares, compared to its average volume of 2,400,901. The stock has a 50-day moving average price of $617.08 and a two-hundred day moving average price of $592.16. The stock has a market capitalization of $218.03 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. 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 one year low of $437.37 and a one year high of $726.00.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping 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 company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the previous year, the firm posted $11.58 earnings per share. As a group, sell-side 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 company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were paid a $3.00 dividend. The ex-dividend date was Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.69%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.
The Goldman Sachs Group Profile
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Free Report)
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.
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