Park Edge Advisors LLC Boosts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Park Edge Advisors LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 41.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,741 shares of the investment management company's stock after buying an additional 514 shares during the period. Park Edge Advisors LLC's holdings in The Goldman Sachs Group were worth $951,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Wealth Alliance Advisory Group LLC increased its position in shares of The Goldman Sachs Group by 28.8% during the first quarter. Wealth Alliance Advisory Group LLC now owns 2,485 shares of the investment management company's stock worth $1,358,000 after purchasing an additional 555 shares in the last quarter. Teamwork Financial Advisors LLC increased its position in The Goldman Sachs Group by 58.7% during the 1st quarter. Teamwork Financial Advisors LLC now owns 5,179 shares of the investment management company's stock valued at $2,829,000 after buying an additional 1,915 shares in the last quarter. Clarus Wealth Advisors purchased a new stake in The Goldman Sachs Group in the first quarter valued at about $248,000. Whipplewood Advisors LLC boosted its holdings in The Goldman Sachs Group by 96,078.0% in the first quarter. Whipplewood Advisors LLC now owns 56,745 shares of the investment management company's stock worth $30,999,000 after acquiring an additional 56,686 shares in the last quarter. Finally, Selway Asset Management grew its stake in shares of The Goldman Sachs Group by 23.3% during the first quarter. Selway Asset Management now owns 3,045 shares of the investment management company's stock worth $1,663,000 after acquiring an additional 575 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on GS. Royal Bank of Canada cut their price target 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. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Daiwa America cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Wells Fargo & Company cut their price objective on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, Citigroup reduced their price objective 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. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Trading Up 1.4%

NYSE:GS traded up $8.61 on Friday, hitting $614.49. The stock had a trading volume of 1,417,894 shares, compared to its average volume of 2,369,298. The company has a fifty day moving average price of $554.39 and a two-hundred day moving average price of $582.59. The stock has a market cap of $188.55 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 0.89 and a beta of 1.32. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period in the prior year, the firm posted $11.58 earnings per share. Equities research analysts expect 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. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio 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 dated Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.55% of the company's stock.

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.