Harbor Investment Advisory LLC Has $2.28 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Harbor Investment Advisory LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,164 shares of the investment management company's stock after purchasing an additional 454 shares during the period. Harbor Investment Advisory LLC's holdings in The Goldman Sachs Group were worth $2,275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its stake in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after acquiring an additional 508 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth $32,815,000. Revolve Wealth Partners LLC increased its position in shares of The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after buying an additional 58 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of The Goldman Sachs Group by 80.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 2,193 shares of the investment management company's stock valued at $1,272,000 after buying an additional 981 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. acquired a new stake in The Goldman Sachs Group during the 4th quarter worth $896,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on GS. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Evercore ISI dropped their price objective on 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. Finally, Wells Fargo & Company dropped their price objective on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Stock Up 1.6%

Shares of The Goldman Sachs Group stock traded up $9.49 during trading hours on Thursday, reaching $608.70. 1,146,671 shares of the company's stock were exchanged, compared to its average volume of 2,365,865. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a 50 day moving average of $553.22 and a two-hundred day moving average of $582.47. The stock has a market cap of $186.77 billion, a P/E ratio of 15.01, a P/E/G 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 earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The business 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 in the previous year, the business earned $11.58 earnings per share. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.55% of the stock is owned by company insiders.

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.