Heck Capital Advisors LLC Purchases Shares of 1,169 The Goldman Sachs Group, Inc. (NYSE:GS)

Heck Capital Advisors LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,169 shares of the investment management company's stock, valued at approximately $669,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GS. Brighton Jones LLC lifted its holdings 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. Cornerstone Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group by 14.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 935 shares of the investment management company's stock worth $535,000 after purchasing an additional 118 shares during the period. Grimes & Company Inc. raised its holdings in The Goldman Sachs Group by 0.9% in the 4th quarter. Grimes & Company Inc. now owns 3,927 shares of the investment management company's stock valued at $2,249,000 after buying an additional 34 shares during the period. GSB Wealth Management LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $222,000. Finally, Flagship Harbor Advisors LLC lifted its position in The Goldman Sachs Group by 25.5% in the fourth quarter. Flagship Harbor Advisors LLC now owns 1,045 shares of the investment management company's stock valued at $598,000 after buying an additional 212 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a research note on Friday, April 4th. Wells Fargo & Company dropped their price objective on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the company an "equal weight" rating in a report on Monday, April 7th. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. lowered 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. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and an average price target of $593.40.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Down 0.6%

NYSE GS traded down $3.53 during mid-day trading on Thursday, reaching $604.91. 1,736,017 shares of the company's stock traded hands, compared to its average volume of 2,378,845. 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 Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19. The company has a fifty day simple moving average of $549.94 and a 200-day simple moving average of $582.22. The company has a market cap of $185.61 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 0.89 and a beta of 1.32.

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 analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the firm earned $11.58 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.98%. The Goldman Sachs Group's payout ratio is 27.85%.

The Goldman Sachs Group Company 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.