The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Morse Asset Management Inc

Morse Asset Management Inc raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,480 shares of the investment management company's stock after acquiring an additional 771 shares during the quarter. Morse Asset Management Inc's holdings in The Goldman Sachs Group were worth $4,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $31,000. American Capital Advisory LLC bought a new position in The Goldman Sachs Group during the first quarter valued at approximately $29,000. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Godsey & Gibb Inc. grew its stake in shares of The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after acquiring an additional 34 shares during the last quarter. Finally, Lowe Wealth Advisors LLC grew its stake in shares of The Goldman Sachs Group by 326.7% in the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after acquiring an additional 49 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $8.87 on Wednesday, hitting $709.28. 762,364 shares of the company traded hands, compared to its average volume of 2,359,493. The company has a market capitalization of $217.64 billion, a price-to-earnings ratio of 15.58, a P/E/G ratio of 1.50 and a beta of 1.35. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26. The business's 50 day moving average price is $647.01 and its 200-day moving average price is $601.27. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $8.62 earnings per share. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a dividend of $4.00 per share. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 35.26%.

Analyst Upgrades and Downgrades

GS has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a report on Friday, April 4th. JMP Securities reaffirmed a "market perform" rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Barclays dropped their price objective 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, HSBC reissued a "reduce" rating and set a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and an average price target of $660.00.

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.