Black Swift Group LLC Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Black Swift Group LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,728 shares of the investment management company's stock, valued at approximately $2,037,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AE Wealth Management LLC increased its position in The Goldman Sachs Group by 7.2% during the first quarter. AE Wealth Management LLC now owns 76,160 shares of the investment management company's stock worth $41,604,000 after purchasing an additional 5,119 shares during the last quarter. Burney Co. boosted its stake in shares of The Goldman Sachs Group by 23.1% in the first quarter. Burney Co. now owns 6,974 shares of the investment management company's stock valued at $3,810,000 after purchasing an additional 1,310 shares during the period. Wedbush Securities Inc. boosted its stake in shares of The Goldman Sachs Group by 13.8% in the first quarter. Wedbush Securities Inc. now owns 8,850 shares of the investment management company's stock valued at $4,834,000 after purchasing an additional 1,075 shares during the period. WESPAC Advisors SoCal LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $3,219,000. Finally, Advisors Preferred LLC purchased a new position in The Goldman Sachs Group in the first quarter worth approximately $1,426,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO David M. Solomon sold 6,608 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the sale, the chief executive officer owned 126,176 shares of the company's stock, valued at $89,876,426.56. The trade was a 4.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total value of $4,310,079.12. Following the transaction, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,079 shares of company stock valued at $14,423,221 in the last three months. Company insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GS. HSBC reiterated a "reduce" rating and issued a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lowered their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Evercore ISI set a $715.00 price target on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Citizens Jmp reaffirmed a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Finally, Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and a consensus price target of $660.00.

The Goldman Sachs Group Stock Performance

GS stock traded up $9.45 during mid-day trading on Friday, reaching $728.63. The company had a trading volume of 1,850,923 shares, compared to its average volume of 2,301,066. The stock has a market capitalization of $223.57 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.53 and a beta of 1.35. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 2.26. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $729.89. The stock's 50-day simple moving average is $657.60 and its two-hundred day simple moving average is $605.58.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The firm had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. During the same quarter last year, the business posted $8.62 EPS. The Goldman Sachs Group's revenue was up 14.5% on a year-over-year basis. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a $4.00 dividend. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's payout ratio is currently 35.26%.

About The Goldman Sachs Group

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.