The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Florida Financial Advisors LLC

Florida Financial Advisors LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 82.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,577 shares of the investment management company's stock after purchasing an additional 714 shares during the quarter. Florida Financial Advisors LLC's holdings in The Goldman Sachs Group were worth $860,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its stake in shares of The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after buying an additional 508 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after acquiring an additional 58 shares during the period. Bank Pictet & Cie Europe AG purchased a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $583,000. Highview Capital Management LLC DE lifted its holdings in The Goldman Sachs Group by 4.7% in the fourth quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock valued at $2,186,000 after acquiring an additional 171 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in The Goldman Sachs Group by 5.4% in the 4th quarter. Proficio Capital Partners LLC now owns 7,916 shares of the investment management company's stock worth $4,533,000 after purchasing an additional 404 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GS. HSBC reaffirmed a "reduce" rating and set a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Barclays reduced their price target on 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. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, Citigroup cut 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. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $614.00.

Insiders Place Their Bets

In related news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director owned 3,904 shares of the company's stock, valued at $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Up 1.2%

GS traded up $8.35 during mid-day trading on Monday, hitting $713.30. 1,906,409 shares of the stock were exchanged, compared to its average volume of 2,675,894. The firm's fifty day moving average is $632.13 and its two-hundred day moving average is $596.59. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. The company has a market cap of $218.87 billion, a PE ratio of 16.55, a PEG ratio of 0.96 and a beta of 1.35. 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 issued its quarterly earnings results 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 business 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 quarter in the prior year, the company earned $11.58 earnings per share. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business 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. The ex-dividend date was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.68%. The Goldman Sachs Group's payout ratio is 27.85%.

The Goldman Sachs Group 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.