Jackson Wealth Management LLC Takes Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Jackson Wealth Management LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 855 shares of the investment management company's stock, valued at approximately $467,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GS. Deutsche Bank AG grew its stake in shares of The Goldman Sachs Group by 15.4% in the fourth 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 in the last quarter. Baxter Bros Inc. grew its position in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after buying an additional 151 shares in the last quarter. Erste Asset Management GmbH grew its holdings in The Goldman Sachs Group by 5.9% during the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after acquiring an additional 320 shares in the last quarter. Clear Creek Financial Management LLC acquired a new position in The Goldman Sachs Group during the 1st quarter worth approximately $321,000. Finally, Terra Nova Asset Management LLC acquired a new position in The Goldman Sachs Group during the 1st quarter worth approximately $1,643,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director owned 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 document filed with the SEC, which is accessible through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen downgraded shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Evercore ISI upped their price objective on The Goldman Sachs Group from $630.00 to $715.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company upped their price objective on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research report on Tuesday. HSBC reaffirmed a "reduce" rating and issued a $627.00 price target on shares of The Goldman Sachs Group in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of "Hold" and a consensus price target of $614.00.

The Goldman Sachs Group Stock Performance

NYSE:GS traded down $14.15 during trading hours on Tuesday, reaching $696.78. 3,098,904 shares of the company's stock were exchanged, compared to its average volume of 2,404,468. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. The firm has a market capitalization of $213.80 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 0.97 and a beta of 1.35. The company has a 50-day moving average of $620.36 and a 200 day moving average of $593.17. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41.

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 for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the firm earned $11.58 earnings per share. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 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.