Michael S. Ryan Inc. Takes $360,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Michael S. Ryan Inc. acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 659 shares of the investment management company's stock, valued at approximately $360,000.

Other hedge funds have also recently modified their holdings of the company. Pointe Capital Management LLC raised its stake in The Goldman Sachs Group by 1.0% during the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock valued at $951,000 after purchasing an additional 16 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its position in The Goldman Sachs Group by 2.1% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 831 shares of the investment management company's stock valued at $476,000 after buying an additional 17 shares during the last quarter. Morris Financial Concepts Inc. lifted its holdings in The Goldman Sachs Group by 3.5% in the fourth quarter. Morris Financial Concepts Inc. now owns 536 shares of the investment management company's stock valued at $307,000 after buying an additional 18 shares during the period. Delta Financial Advisors LLC grew its position in shares of The Goldman Sachs Group by 0.3% during the 4th quarter. Delta Financial Advisors LLC now owns 6,861 shares of the investment management company's stock worth $3,929,000 after buying an additional 18 shares during the period. Finally, Prestige Wealth Management Group LLC lifted its holdings in The Goldman Sachs Group by 1.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock worth $950,000 after acquiring an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded down $12.04 during trading hours on Friday, reaching $613.07. The company had a trading volume of 1,674,605 shares, compared to its average volume of 2,370,016. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19. The business has a fifty day simple moving average of $568.13 and a 200 day simple moving average of $583.52. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $188.12 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32.

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, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the previous year, the business posted $11.58 earnings per share. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.96%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

GS has been the subject of several research reports. JMP Securities decreased their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Citigroup dropped their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. 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 for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Finally, Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. 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 company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $593.40.

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.