Helium Advisors LLC Invests $254,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Helium Advisors LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 444 shares of the investment management company's stock, valued at approximately $254,000.

Other hedge funds also recently added to or reduced their stakes in the company. Breed s Hill Capital LLC boosted its position in The Goldman Sachs Group by 46.2% in the 4th quarter. Breed s Hill Capital LLC now owns 880 shares of the investment management company's stock worth $504,000 after purchasing an additional 278 shares in the last quarter. Vise Technologies Inc. lifted its stake in shares of The Goldman Sachs Group by 85.9% in the 4th quarter. Vise Technologies Inc. now owns 4,468 shares of the investment management company's stock valued at $2,558,000 after purchasing an additional 2,064 shares during the period. City National Bank of Florida MSD purchased a new stake in The Goldman Sachs Group during the fourth quarter worth $266,000. JT Stratford LLC grew its position in The Goldman Sachs Group by 4.2% during the fourth quarter. JT Stratford LLC now owns 2,090 shares of the investment management company's stock valued at $1,197,000 after buying an additional 85 shares during the period. Finally, Cornerstone Advisory LLC increased its holdings in The Goldman Sachs Group by 14.0% in the fourth quarter. Cornerstone Advisory LLC now owns 674 shares of the investment management company's stock valued at $386,000 after buying an additional 83 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

NYSE GS traded down $3.50 during mid-day trading on Wednesday, hitting $612.23. The stock had a trading volume of 756,714 shares, compared to its average volume of 2,374,755. The firm's 50 day moving average is $549.06 and its 200 day moving average is $582.04. 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 stock has a market capitalization of $187.86 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month 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, topping analysts' consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $11.58 earnings per share. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.96%. The Goldman Sachs Group's payout ratio is 27.85%.

Wall Street Analyst Weigh In

GS has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada reduced their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. Citigroup lowered their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a research report on Friday, April 4th. Finally, Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $593.40.

Insider Buying and Selling

In related news, Director John B. Hess bought 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently 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.