Braun Stacey Associates Inc. Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Braun Stacey Associates Inc. increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 14.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,646 shares of the investment management company's stock after acquiring an additional 957 shares during the period. Braun Stacey Associates Inc.'s holdings in The Goldman Sachs Group were worth $4,177,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GS. American Capital Advisory LLC acquired a new position in The Goldman Sachs Group during the 1st quarter worth about $29,000. Curio Wealth LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth about $30,000. Godsey & Gibb Inc. lifted its stake in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after acquiring an additional 34 shares in the last quarter. Transce3nd LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GS shares. Wells Fargo & Company reduced their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Daiwa Capital Markets lowered 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 report on Friday, April 4th. Wall Street Zen lowered The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Finally, Citigroup reduced their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and a consensus price target of $603.73.

The Goldman Sachs Group Stock Performance

GS traded up $9.16 during trading on Friday, hitting $725.05. 1,502,041 shares of the stock were exchanged, compared to its average volume of 2,399,044. The firm has a market capitalization of $222.47 billion, a P/E ratio of 16.79, a PEG 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 stock has a fifty day moving average price of $617.08 and a two-hundred day moving average price of $591.61. 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 released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $11.58 earnings per share. As a group, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a $3.00 dividend. The ex-dividend date was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.66%. The Goldman Sachs Group's payout ratio is 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director directly owned 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.