Mission Wealth Management LP Acquires 1,666 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Mission Wealth Management LP grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 48.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,131 shares of the investment management company's stock after buying an additional 1,666 shares during the quarter. Mission Wealth Management LP's holdings in The Goldman Sachs Group were worth $2,803,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Curio Wealth LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $30,000. Godsey & Gibb Inc. grew its holdings in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Mascagni Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Wall Street Analyst Weigh In

GS has been the subject of several analyst reports. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Citigroup reduced their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. JMP Securities dropped their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. 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 report on Monday, April 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and an average target price of $593.40.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost 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 approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Up 0.8%

The Goldman Sachs Group stock traded up $5.06 during trading hours on Friday, hitting $640.30. The company had a trading volume of 3,916,573 shares, compared to its average volume of 2,380,473. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $196.47 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 0.87 and a beta of 1.32. The firm's fifty day moving average is $578.87 and its 200-day moving average is $584.22.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the previous year, the company posted $11.58 earnings per share. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is 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.