Aurora Private Wealth Inc. Makes New $9.60 Million Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Aurora Private Wealth Inc. purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,578 shares of the investment management company's stock, valued at approximately $9,603,000. The Goldman Sachs Group accounts for 2.5% of Aurora Private Wealth Inc.'s investment portfolio, making the stock its 4th largest holding.

Other large investors have also recently bought and sold shares of the company. Checchi Capital Advisers LLC boosted its stake in shares of The Goldman Sachs Group by 0.6% during the first quarter. Checchi Capital Advisers LLC now owns 10,965 shares of the investment management company's stock worth $5,990,000 after buying an additional 62 shares during the period. Castle Wealth Management LLC lifted its position in The Goldman Sachs Group by 4.5% during the 1st quarter. Castle Wealth Management LLC now owns 2,031 shares of the investment management company's stock worth $1,110,000 after acquiring an additional 88 shares during the period. TKG Advisors LLC lifted its position in The Goldman Sachs Group by 4.0% during the 1st 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 period. North Capital Inc. acquired a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $119,000. Finally, D.A. Davidson & CO. lifted its holdings in shares of The Goldman Sachs Group by 28.0% during the first quarter. D.A. Davidson & CO. now owns 59,718 shares of the investment management company's stock worth $32,624,000 after purchasing an additional 13,076 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $9.16 during midday trading on Friday, reaching $725.05. 1,502,041 shares of the company traded hands, compared to its average volume of 2,399,044. The firm's 50 day simple moving average is $617.08 and its two-hundred day simple moving average is $591.89. The firm has a market cap of $222.47 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. 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 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 (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period in the previous year, the firm posted $11.58 earnings per share. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS 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. Stockholders of record on Friday, May 30th were paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director owned 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GS shares. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Citigroup reduced their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. JMP Securities reduced their price objective on shares of 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, Barclays reduced 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. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus price target of $603.73.

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.