480 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Purchased by Clarus Wealth Advisors

Clarus Wealth Advisors purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 480 shares of the investment management company's stock, valued at approximately $248,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after purchasing an additional 508 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at $32,815,000. Revolve Wealth Partners LLC grew its holdings in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after buying an additional 58 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of The Goldman Sachs Group by 80.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 2,193 shares of the investment management company's stock worth $1,272,000 after acquiring an additional 981 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in shares of The Goldman Sachs Group by 3.6% during the 4th quarter. Spire Wealth Management now owns 5,087 shares of the investment management company's stock worth $2,913,000 after acquiring an additional 179 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 0.7%

GS stock traded down $4.19 during trading on Wednesday, hitting $599.64. 1,294,578 shares of the company's stock were exchanged, compared to its average volume of 2,368,309. The business has a 50-day moving average price of $552.09 and a two-hundred day moving average price of $582.35. 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 stock has a market capitalization of $183.99 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data 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 net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the previous year, the firm earned $11.58 EPS. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GS shares. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a research report on Friday, April 4th. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. 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. Wells Fargo & Company lowered their price objective on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada decreased their price target on 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. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $593.40.

Insider Activity

In other news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.