Forum Financial Management LP Boosts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Forum Financial Management LP grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 18.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,726 shares of the investment management company's stock after buying an additional 722 shares during the period. Forum Financial Management LP's holdings in The Goldman Sachs Group were worth $2,706,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GS. Castlekeep Investment Advisors LLC purchased a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $1,691,000. Westfuller Advisors LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth about $204,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at about $2,685,000. Formidable Asset Management LLC lifted its position in shares of The Goldman Sachs Group by 19.2% during the fourth quarter. Formidable Asset Management LLC now owns 1,383 shares of the investment management company's stock valued at $792,000 after buying an additional 223 shares during the last quarter. Finally, North Star Asset Management Inc. raised its position in shares of The Goldman Sachs Group by 8.8% in the 4th quarter. North Star Asset Management Inc. now owns 2,916 shares of the investment management company's stock valued at $1,670,000 after purchasing an additional 236 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director John B. Hess bought 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

NYSE GS traded down $3.80 during trading hours on Thursday, reaching $604.64. The company's stock had a trading volume of 1,085,808 shares, compared to its average volume of 2,815,319. The company has a market capitalization of $185.53 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 0.89 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 firm's 50-day moving average price is $549.94 and its 200-day moving average price is $582.22. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The firm 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 13.30% and a net margin of 11.32%. During the same quarter last year, the business posted $11.58 earnings per share. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.98%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Analyst Ratings Changes

A number of research firms recently issued reports on GS. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. 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. Royal Bank of Canada dropped their target price 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. Evercore ISI lowered their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Finally, Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $593.40.

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.