Lakeshore Capital Group Inc. Makes New $1.35 Million Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Lakeshore Capital Group Inc. acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,365 shares of the investment management company's stock, valued at approximately $1,354,000. The Goldman Sachs Group makes up approximately 2.0% of Lakeshore Capital Group Inc.'s investment portfolio, making the stock its 16th largest position.

Several other hedge funds have also recently bought and sold shares of the business. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $30,000. Transce3nd LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $31,000. Finally, Whipplewood Advisors LLC bought a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on GS shares. Wells Fargo & Company dropped their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Evercore ISI dropped their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Finally, Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Price Performance

NYSE GS traded down $5.00 during trading on Friday, reaching $599.86. 2,129,454 shares of the company traded hands, compared to its average volume of 2,379,070. 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 market cap of $184.06 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 0.89 and a beta of 1.32. The stock's 50 day moving average price is $550.69 and its two-hundred day moving average price is $582.29. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter last year, the company earned $11.58 EPS. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.00%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction that occurred on 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 acquisition, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by insiders.

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.