Gunderson Capital Management Inc. Buys New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Gunderson Capital Management Inc. purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,314 shares of the investment management company's stock, valued at approximately $11,644,000. The Goldman Sachs Group accounts for 7.5% of Gunderson Capital Management Inc.'s holdings, making the stock its 4th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock worth $3,761,576,000 after acquiring an additional 161,500 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of The Goldman Sachs Group by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock worth $3,524,669,000 after purchasing an additional 112,696 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after acquiring an additional 3,970,467 shares during the period. FMR LLC increased its holdings in shares of The Goldman Sachs Group by 23.7% in the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock worth $2,053,614,000 after acquiring an additional 687,711 shares during the period. Finally, Northern Trust Corp lifted its position in The Goldman Sachs Group by 15.0% in the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock valued at $1,885,454,000 after purchasing an additional 428,502 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GS. JMP Securities reduced their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a research report on Monday, April 7th. Barclays decreased their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Finally, Citigroup reduced 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 note on Monday, March 24th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $593.40.

Insider Activity

In other news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, with a total value 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 available at this link. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $5.40 during trading on Tuesday, reaching $604.12. 1,729,693 shares of the company's stock were exchanged, compared to its average volume of 2,370,840. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50 day moving average price of $551.19 and a 200-day moving average price of $582.20. The stock has a market capitalization of $185.37 billion, a P/E ratio of 14.90, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate 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 net margin of 11.32% and a return on equity of 13.30%. During the same period in the previous year, the company earned $11.58 earnings per share. Sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.99%. The Goldman Sachs Group's dividend payout ratio is presently 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.