J. L. Bainbridge & Co. Inc. Has $48.91 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

J. L. Bainbridge & Co. Inc. lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,528 shares of the investment management company's stock after selling 1,551 shares during the quarter. The Goldman Sachs Group makes up approximately 4.9% of J. L. Bainbridge & Co. Inc.'s investment portfolio, making the stock its 4th largest position. J. L. Bainbridge & Co. Inc.'s holdings in The Goldman Sachs Group were worth $48,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Patron Partners LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $242,000. Westwind Capital increased its position in The Goldman Sachs Group by 18,385.0% during the first quarter. Westwind Capital now owns 40,667 shares of the investment management company's stock worth $22,216,000 after buying an additional 40,447 shares during the last quarter. Mendel Capital Management LLC increased its position in The Goldman Sachs Group by 2.8% during the first quarter. Mendel Capital Management LLC now owns 1,765 shares of the investment management company's stock worth $964,000 after buying an additional 48 shares during the last quarter. CWC Advisors LLC. increased its position in The Goldman Sachs Group by 44.4% during the first quarter. CWC Advisors LLC. now owns 5,246 shares of the investment management company's stock worth $2,866,000 after buying an additional 1,613 shares during the last quarter. Finally, Crescent Grove Advisors LLC increased its position in The Goldman Sachs Group by 30.1% during the first quarter. Crescent Grove Advisors LLC now owns 653 shares of the investment management company's stock worth $357,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Insiders Place Their Bets

In other news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on GS shares. JPMorgan Chase & Co. lowered their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Royal Bank Of Canada lowered their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley boosted their price target on The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a research report on Monday, June 23rd. Finally, Wells Fargo & Company reduced their price objective on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $595.67.

The Goldman Sachs Group Price Performance

NYSE:GS traded up $3.59 during trading hours on Friday, reaching $690.75. 3,644,601 shares of the company were exchanged, compared to its average volume of 2,375,929. The company has a market capitalization of $211.95 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.94 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $694.20. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50 day moving average of $598.32 and a 200 day moving average of $587.09.

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 return on equity of 13.76% and a net margin of 11.86%. The business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the business posted $11.58 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's payout ratio is presently 27.85%.

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.