Crown Wealth Group LLC Takes $210,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Crown Wealth Group LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 384 shares of the investment management company's stock, valued at approximately $210,000.

A number of other large investors have also recently made changes to their positions in GS. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $30,000. Godsey & Gibb Inc. boosted its position in shares of The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares during the period. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $31,000. Mascagni Wealth Management Inc. acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 0.5%

Shares of NYSE:GS opened at $690.75 on Friday. The stock has a market capitalization of $211.95 billion, a PE ratio of 16.03, a P/E/G ratio of 0.94 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $694.20. The firm has a fifty day moving average price of $598.32 and a 200 day moving average price of $587.09. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41.

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 company had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same period in the prior year, the company earned $11.58 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The shares were bought 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 now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.55% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup decreased their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Wall Street Zen cut The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. JMP Securities decreased their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Daiwa Capital Markets cut 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. Finally, Royal Bank Of Canada decreased their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $595.67.

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.

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