Mirador Capital Partners LP Makes New $3.31 Million Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Mirador Capital Partners LP bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,053 shares of the investment management company's stock, valued at approximately $3,307,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $30,000. Transce3nd LLC bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Finally, Mascagni Wealth Management Inc. bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GS shares. Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research note on Friday, April 4th. Evercore ISI reduced their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note 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 for the company in a research note on Thursday, April 3rd. Finally, Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Hold" and an average target price of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Up 1.3%

Shares of The Goldman Sachs Group stock traded up $7.87 during midday trading on Thursday, hitting $607.08. The company had a trading volume of 1,009,639 shares, compared to its average volume of 2,365,268. The company has a 50 day moving average of $553.22 and a 200 day moving average of $582.47. 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, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The stock has a market capitalization of $186.28 billion, a P/E ratio of 14.97, a P/E/G ratio of 0.89 and a beta of 1.32.

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 for the quarter, beating 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 firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same period in the prior year, the firm earned $11.58 EPS. On average, equities analysts predict 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 firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued 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 yield of 1.98%. 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.