Nilsine Partners LLC Raises Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Nilsine Partners LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 9.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,553 shares of the investment management company's stock after buying an additional 474 shares during the period. Nilsine Partners LLC's holdings in The Goldman Sachs Group were worth $3,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of GS. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $30,000. Godsey & Gibb Inc. lifted its holdings in 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 valued at $30,000 after acquiring an additional 34 shares during the period. Transce3nd LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Mascagni Wealth Management Inc. acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 0.8%

NYSE GS opened at $640.30 on Friday. The business has a fifty day moving average price of $581.78 and a 200 day moving average price of $584.48. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $196.47 billion, a P/E ratio of 14.86, a P/E/G ratio of 0.87 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the company earned $11.58 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GS. Barclays decreased their price target 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. Citigroup decreased their price target 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. Evercore ISI decreased their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Wells Fargo & Company decreased their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. One investment 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 MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $593.40.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased 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 in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by corporate insiders.

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.

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