Dynamic Advisor Solutions LLC Has $1.87 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Dynamic Advisor Solutions LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 73.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,419 shares of the investment management company's stock after acquiring an additional 1,451 shares during the period. Dynamic Advisor Solutions LLC's holdings in The Goldman Sachs Group were worth $1,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Pointe Capital Management LLC raised its stake in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock worth $951,000 after purchasing an additional 16 shares in the last quarter. Blackston Financial Advisory Group LLC increased its holdings in The Goldman Sachs Group by 2.1% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 831 shares of the investment management company's stock worth $476,000 after buying an additional 17 shares during the last quarter. Delta Financial Advisors LLC increased its holdings in The Goldman Sachs Group by 0.3% during the fourth quarter. Delta Financial Advisors LLC now owns 6,861 shares of the investment management company's stock worth $3,929,000 after buying an additional 18 shares during the last quarter. Prestige Wealth Management Group LLC raised its position in 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 in the last quarter. Finally, Wynn Capital LLC lifted its stake in The Goldman Sachs Group by 0.3% in the first quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock valued at $3,211,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $6.41 during midday trading on Friday, hitting $641.65. The company's stock had a trading volume of 2,009,809 shares, compared to its average volume of 2,372,958. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $196.88 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 0.87 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 $672.19. The company has a 50-day moving average price of $578.87 and a two-hundred day moving average price of $584.22.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 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 analysts' expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period last year, the firm earned $11.58 earnings per share. As a group, sell-side 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 issued a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.87%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Insider Activity

In other news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred 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 transaction, the director now owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GS shares. Evercore ISI lowered their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. JMP Securities lowered their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus price target 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.