Hixon Zuercher LLC Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Hixon Zuercher LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,750 shares of the investment management company's stock after purchasing an additional 452 shares during the period. The Goldman Sachs Group makes up 1.9% of Hixon Zuercher LLC's portfolio, making the stock its 19th biggest position. Hixon Zuercher LLC's holdings in The Goldman Sachs Group were worth $5,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GS. Deutsche Bank AG boosted its holdings in shares of The Goldman Sachs Group by 15.4% in 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 during the period. Baxter Bros Inc. raised 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 worth $8,879,000 after purchasing an additional 151 shares during the period. Erste Asset Management GmbH lifted its holdings in shares of The Goldman Sachs Group by 5.9% in the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after purchasing an additional 320 shares during the last quarter. Terra Nova Asset Management LLC acquired a new position in The Goldman Sachs Group during the 1st quarter valued at approximately $1,643,000. Finally, Fidelis Capital Partners LLC grew its stake in The Goldman Sachs Group by 65.7% during the 4th quarter. Fidelis Capital Partners LLC now owns 7,418 shares of the investment management company's stock worth $4,691,000 after buying an additional 2,942 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

GS stock traded down $1.52 during mid-day trading on Tuesday, hitting $706.23. The stock had a trading volume of 3,299,600 shares, compared to its average volume of 2,385,991. The firm has a fifty day simple moving average of $602.45 and a 200 day simple moving average of $587.92. The firm has a market capitalization of $216.70 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.94 and a beta of 1.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $714.30.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period last year, the company earned $11.58 EPS. As a group, research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.70%. The Goldman Sachs Group's payout ratio is presently 27.85%.

Insiders Place Their Bets

In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The stock was 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 directly owned 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GS shares. Royal Bank Of Canada dropped their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Morgan Stanley raised their price objective on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a research note on Monday, June 23rd. Barclays dropped their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, 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 on the stock in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $595.67.

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.