Castlekeep Investment Advisors LLC Purchases New Shares in The Goldman Sachs Group, Inc. (NYSE:GS)

Castlekeep Investment Advisors LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,953 shares of the investment management company's stock, valued at approximately $1,691,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group during the fourth quarter valued at $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $30,000. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $31,000. Finally, Whipplewood Advisors LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at approximately $34,000. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GS. Evercore ISI decreased their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. JMP Securities dropped their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Royal Bank of Canada lowered their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. decreased 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 note on Thursday, April 3rd. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Price Performance

Shares of GS traded up $17.10 during mid-day trading on Tuesday, hitting $615.64. 2,363,529 shares of the company traded hands, compared to its average volume of 2,381,124. The business has a 50-day moving average of $548.00 and a 200 day moving average of $581.80. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19. The stock has a market capitalization of $188.90 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the firm earned $11.58 EPS. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.95%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.55% of the stock is owned by corporate insiders.

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.