The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Lion Street Advisors LLC

Lion Street Advisors LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 169.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,009 shares of the investment management company's stock after acquiring an additional 635 shares during the period. Lion Street Advisors LLC's holdings in The Goldman Sachs Group were worth $551,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GS. Cornerstone Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 53.4% during the first quarter. Cornerstone Wealth Management LLC now owns 1,434 shares of the investment management company's stock worth $783,000 after purchasing an additional 499 shares during the period. Shepherd Financial Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 5.3% during the first quarter. Shepherd Financial Partners LLC now owns 5,700 shares of the investment management company's stock worth $3,114,000 after purchasing an additional 288 shares during the period. Clarius Group LLC lifted its holdings in shares of The Goldman Sachs Group by 20.2% during the first quarter. Clarius Group LLC now owns 3,046 shares of the investment management company's stock worth $1,664,000 after purchasing an additional 511 shares during the period. Prosperity Wealth Management Inc. acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth $1,728,000. Finally, Marest Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 1.1% during the first quarter. Marest Capital LLC now owns 3,255 shares of the investment management company's stock worth $1,778,000 after purchasing an additional 34 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GS shares. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Royal Bank Of Canada decreased 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. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Barclays reduced their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the company an "equal weight" rating in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded up $11.05 during midday trading on Thursday, hitting $635.69. 2,421,001 shares of the stock were exchanged, compared to its average volume of 2,373,551. The stock has a market cap of $195.05 billion, a P/E ratio of 14.75, a PEG ratio of 0.87 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 twelve month low of $437.37 and a twelve month high of $672.19. The company has a 50 day moving average price of $575.93 and a 200-day moving average price of $583.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly 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 business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same quarter in the previous year, the company posted $11.58 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

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.