Clear Creek Financial Management LLC Purchases New Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Clear Creek Financial Management LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 587 shares of the investment management company's stock, valued at approximately $321,000.

A number of other hedge funds also recently modified their holdings of the business. Prestige Wealth Management Group LLC raised its holdings in shares of The Goldman Sachs Group by 1.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock worth $950,000 after acquiring an additional 18 shares during the period. Wynn Capital LLC increased its holdings in The Goldman Sachs Group by 0.3% during the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock worth $3,211,000 after purchasing an additional 20 shares in the last quarter. 1900 Wealth Management LLC raised its stake in shares of The Goldman Sachs Group by 2.6% in the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock valued at $425,000 after purchasing an additional 20 shares during the period. World Equity Group Inc. lifted its holdings in shares of The Goldman Sachs Group by 0.9% in the first quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company's stock valued at $1,273,000 after purchasing an additional 20 shares in the last quarter. Finally, Register Financial Advisors LLC boosted its position in shares of The Goldman Sachs Group by 2.5% during the first quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock worth $440,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Evercore ISI lifted their price objective on shares of The Goldman Sachs Group from $630.00 to $715.00 and gave the company an "outperform" rating in a report on Wednesday. Barclays reduced their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company lowered their price target on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and an average target price of $603.73.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $9.16 during midday trading on Friday, reaching $725.05. 1,502,041 shares of the company's stock were exchanged, compared to its average volume of 2,395,824. The stock's 50-day simple moving average is $617.08 and its 200 day simple moving average is $591.61. The firm has a market cap of $222.47 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 0.99 and a beta of 1.35. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data 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 company 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 last year, the firm posted $11.58 earnings per share. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.66%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director owned 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

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.