CWC Advisors LLC. Purchases 1,613 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

CWC Advisors LLC. grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 44.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,246 shares of the investment management company's stock after purchasing an additional 1,613 shares during the period. The Goldman Sachs Group makes up approximately 1.6% of CWC Advisors LLC.'s holdings, making the stock its 19th largest position. CWC Advisors LLC.'s holdings in The Goldman Sachs Group were worth $2,866,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Crescent Grove Advisors LLC increased its position in shares of The Goldman Sachs Group by 30.1% during the first quarter. Crescent Grove Advisors LLC now owns 653 shares of the investment management company's stock valued at $357,000 after acquiring an additional 151 shares in the last quarter. Surience Private Wealth LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter worth $2,881,000. Gold Investment Management Ltd. raised its stake in shares of The Goldman Sachs Group by 3.4% in the first quarter. Gold Investment Management Ltd. now owns 4,146 shares of the investment management company's stock worth $2,265,000 after purchasing an additional 138 shares during the last quarter. 3Chopt Investment Partners LLC bought a new position in shares of The Goldman Sachs Group during the first quarter valued at $331,000. Finally, U S Global Investors Inc. boosted its position in shares of The Goldman Sachs Group by 9.1% during the first quarter. U S Global Investors Inc. now owns 2,825 shares of the investment management company's stock valued at $1,543,000 after buying an additional 235 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GS. JMP Securities dropped their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. 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. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Finally, Citigroup decreased 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 analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $595.67.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded up $3.59 during midday trading on Friday, reaching $690.75. The stock had a trading volume of 3,644,601 shares, compared to its average volume of 2,375,929. The company has a market capitalization of $211.95 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 0.94 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $694.20. The stock has a 50-day moving average of $598.32 and a 200-day moving average of $587.09. 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 (NYSE:GS - Get Free Report) last issued its earnings results 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 11.86% and a return on equity of 13.76%. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the firm posted $11.58 EPS. As a group, research analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a dividend of $3.00 per share. 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%.

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.