Northeast Investment Management Has $23.19 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Northeast Investment Management boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,457 shares of the investment management company's stock after acquiring an additional 2,312 shares during the period. Northeast Investment Management's holdings in The Goldman Sachs Group were worth $23,194,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GS. Asset Planning Inc acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $29,000. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $30,000. Godsey & Gibb Inc. grew its position 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 worth $30,000 after acquiring an additional 34 shares during the last quarter. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in The Goldman Sachs Group during the 4th quarter valued at about $31,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on GS shares. Royal Bank of Canada lowered their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Evercore ISI decreased their target price on shares of 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. Wall Street Zen cut shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a report on Saturday. Finally, JMP Securities decreased their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Stock Down 1.9%

GS traded down $12.04 during midday trading on Friday, hitting $613.07. 1,674,605 shares of the company's stock traded hands, compared to its average volume of 2,373,273. The company 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 stock's fifty day simple moving average is $568.13 and its 200-day simple moving average is $583.37. 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 Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19.

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 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same quarter last year, the firm posted $11.58 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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 $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Insider Buying and Selling

In related news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.55% of the stock is currently 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.