Bluesphere Advisors LLC Buys 742 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Bluesphere Advisors LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 48.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,270 shares of the investment management company's stock after acquiring an additional 742 shares during the quarter. The Goldman Sachs Group comprises approximately 0.7% of Bluesphere Advisors LLC's portfolio, making the stock its 23rd biggest position. Bluesphere Advisors LLC's holdings in The Goldman Sachs Group were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $30,000. Godsey & Gibb Inc. grew its position in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after purchasing an additional 34 shares during the period. Transce3nd LLC bought a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $31,000. Mascagni Wealth Management Inc. purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $31,000. Finally, Whipplewood Advisors LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $34,000. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a report on Monday. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Evercore ISI dropped their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Finally, Wells Fargo & Company reduced their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $595.67.

The Goldman Sachs Group Price Performance

NYSE:GS traded up $3.59 on Friday, reaching $690.75. 3,644,601 shares of the company's stock traded hands, compared to its average volume of 2,381,784. The stock has a 50-day simple moving average of $598.32 and a 200-day simple moving average of $587.13. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $694.20. The firm has a market cap of $211.95 billion, a PE ratio of 16.03, a P/E/G ratio of 0.94 and a beta of 1.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter last year, the company earned $11.58 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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 issued a $3.00 dividend. The ex-dividend date of this dividend 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 is presently 27.85%.

Insider Buying and Selling

In other news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.55% of the stock is owned by insiders.

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.