Nwam LLC Raises Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Nwam LLC grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 173.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,017 shares of the investment management company's stock after buying an additional 3,185 shares during the quarter. Nwam LLC's holdings in The Goldman Sachs Group were worth $2,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG grew its position in shares of The Goldman Sachs Group by 15.4% during the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after purchasing an additional 138,198 shares in the last quarter. Baxter Bros Inc. grew its position in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after purchasing an additional 151 shares in the last quarter. Clear Creek Financial Management LLC purchased a new stake in shares of The Goldman Sachs Group during the first quarter worth about $321,000. Adams Diversified Equity Fund Inc. grew its position in shares of The Goldman Sachs Group by 41.5% during the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock worth $27,205,000 after purchasing an additional 14,600 shares in the last quarter. Finally, Terra Nova Asset Management LLC purchased a new stake in shares of The Goldman Sachs Group during the first quarter worth about $1,643,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Trading Up 0.0%

Shares of GS stock traded up $0.34 on Friday, reaching $706.18. 494,377 shares of the company's stock were exchanged, compared to its average volume of 2,363,267. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $726.00. 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 stock has a market capitalization of $216.68 billion, a PE ratio of 15.55, a P/E/G ratio of 0.97 and a beta of 1.35. The company's fifty day simple moving average is $644.19 and its 200 day simple moving average is $599.95.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping the consensus estimate 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 Goldman Sachs Group's quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the business posted $8.62 EPS. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 2.27%. The ex-dividend date is Friday, August 29th. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is presently 27.85%.

Analyst Ratings Changes

GS has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a "market perform" rating in a research report on Thursday. Citigroup dropped their price target on 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. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the company an "outperform" rating in a research note on Thursday, July 10th. Citizens Jmp reissued a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their price objective 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. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $649.29.

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.

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