Davidson Capital Management Inc. Invests $2.91 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Davidson Capital Management Inc. bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,321 shares of the investment management company's stock, valued at approximately $2,907,000. The Goldman Sachs Group makes up about 0.8% of Davidson Capital Management Inc.'s portfolio, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in GS. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $30,000. Godsey & Gibb Inc. lifted its holdings in shares of The Goldman Sachs Group by 170.0% in the first 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 in the last quarter. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Mascagni Wealth Management Inc. acquired a new position in shares of 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 valued at $34,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the company's stock in a transaction on 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 acquisition, the director now owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Up 1.8%

NYSE:GS traded up $11.05 on Thursday, reaching $635.69. The stock had a trading volume of 2,421,001 shares, compared to its average volume of 2,373,551. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The stock has a market cap of $195.06 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 0.85 and a beta of 1.32. 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 company has a 50-day moving average of $575.93 and a 200 day moving average of $583.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $11.58 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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 dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.89%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GS. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Wells Fargo & Company decreased their price objective on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen downgraded The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Barclays dropped their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Evercore ISI decreased their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $593.40.

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.