FWG Holdings LLC Buys Shares of 876 The Goldman Sachs Group, Inc. (NYSE:GS)

FWG Holdings LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 876 shares of the investment management company's stock, valued at approximately $481,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Deutsche Bank AG lifted its position in shares of The Goldman Sachs Group by 15.4% during the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock valued at $594,412,000 after buying an additional 138,198 shares in the last quarter. Baxter Bros Inc. lifted its position in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock valued at $8,879,000 after buying an additional 151 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in The Goldman Sachs Group in the 1st quarter valued at $321,000. Adams Diversified Equity Fund Inc. lifted its holdings in The Goldman Sachs Group by 41.5% in the 1st quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock valued at $27,205,000 after purchasing an additional 14,600 shares in the last quarter. Finally, Terra Nova Asset Management LLC purchased a new position in The Goldman Sachs Group in the 1st quarter valued at $1,643,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. HSBC restated a "reduce" rating and issued a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a report on Thursday. JPMorgan Chase & Co. decreased their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Finally, Daiwa Capital Markets lowered The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of "Hold" and a consensus price target of $649.29.

The Goldman Sachs Group Trading Up 0.3%

GS traded up $2.15 on Friday, hitting $707.99. The company had a trading volume of 795,270 shares, compared to its average volume of 2,364,543. The firm has a market cap of $217.24 billion, a P/E ratio of 15.57, a PEG ratio of 0.97 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $726.00. The company's fifty day moving average price is $644.19 and its 200 day moving average price is $599.95. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The Goldman Sachs Group's revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm earned $8.62 EPS. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be issued a $4.00 dividend. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, August 29th. 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.