Clarius Group LLC Acquires 511 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Clarius Group LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 20.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,046 shares of the investment management company's stock after purchasing an additional 511 shares during the period. Clarius Group LLC's holdings in The Goldman Sachs Group were worth $1,664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Curio Wealth LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $30,000. Godsey & Gibb Inc. raised its position in shares of 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 buying an additional 34 shares in the last quarter. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $31,000. Mascagni Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $31,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a research report on Monday, April 7th. Wall Street Zen lowered shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Royal Bank Of Canada cut their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research note on Friday, April 4th. Finally, Citigroup cut their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Trading Up 1.8%

Shares of GS stock traded up $11.05 during trading hours on Thursday, reaching $635.69. 2,421,001 shares of the stock traded hands, compared to its average volume of 2,373,551. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19. The business has a fifty day moving average price of $575.93 and a 200 day moving average price of $583.99. 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 firm has a market capitalization of $195.05 billion, a PE ratio of 14.75, a PEG ratio of 0.87 and a beta of 1.32.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business 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 business earned $11.58 earnings per share. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.89%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction 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 purchase, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.55% of the company's stock.

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.