Castlekeep Investment Advisors LLC Has $2.15 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Castlekeep Investment Advisors LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 33.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,941 shares of the investment management company's stock after purchasing an additional 988 shares during the quarter. The Goldman Sachs Group comprises 1.1% of Castlekeep Investment Advisors LLC's holdings, making the stock its 18th biggest position. Castlekeep Investment Advisors LLC's holdings in The Goldman Sachs Group were worth $2,153,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GS. Asahi Life Asset Management CO. LTD. lifted its stake in The Goldman Sachs Group by 11.6% in the first quarter. Asahi Life Asset Management CO. LTD. now owns 9,953 shares of the investment management company's stock valued at $5,437,000 after buying an additional 1,037 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of The Goldman Sachs Group by 181.9% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 79,079 shares of the investment management company's stock valued at $43,200,000 after acquiring an additional 51,030 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of The Goldman Sachs Group by 36.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,217 shares of the investment management company's stock valued at $5,035,000 after acquiring an additional 2,475 shares during the period. Apollon Wealth Management LLC boosted its stake in The Goldman Sachs Group by 7.3% during the 1st quarter. Apollon Wealth Management LLC now owns 14,014 shares of the investment management company's stock worth $7,656,000 after acquiring an additional 954 shares during the last quarter. Finally, Bogart Wealth LLC grew its holdings in The Goldman Sachs Group by 1.1% during the first quarter. Bogart Wealth LLC now owns 13,478 shares of the investment management company's stock valued at $7,363,000 after purchasing an additional 151 shares during the period. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 1.2%

NYSE:GS traded up $8.35 on Monday, hitting $713.30. 1,906,409 shares of the company's stock were exchanged, compared to its average volume of 2,675,894. The firm has a 50-day moving average price of $632.13 and a 200-day moving average price of $596.59. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week 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 company has a market cap of $218.87 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 0.96 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating 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 prior year, the firm posted $11.58 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's payout ratio is presently 27.85%.

Analysts Set New Price Targets

GS has been the topic of several analyst reports. HSBC reiterated a "reduce" rating and issued a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Morgan Stanley reissued an "equal weight" rating on shares of The Goldman Sachs Group in a research note on Thursday. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday. Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Barclays lowered their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of "Hold" and an average price target of $614.00.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director owned 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.55% of the company's stock.

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.