443 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Patron Partners LLC

Patron Partners LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 443 shares of the investment management company's stock, valued at approximately $242,000.

Several other hedge funds have also recently added to or reduced their stakes in GS. Curio Wealth LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $30,000. Mascagni Wealth Management Inc. acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $31,000. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $31,000. Godsey & Gibb Inc. increased its position 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 valued at $30,000 after acquiring an additional 34 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth approximately $34,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Trading Up 0.5%

The Goldman Sachs Group stock traded up $3.59 during trading hours on Friday, hitting $690.75. The company had a trading volume of 3,644,601 shares, compared to its average volume of 2,375,929. The company has a 50-day moving average price of $598.32 and a two-hundred day moving average price of $587.09. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $694.20. The firm has a market cap of $211.95 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.94 and a beta of 1.32. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same quarter in the prior year, the business posted $11.58 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.55% of the company's stock.

Analyst Ratings Changes

GS has been the topic of several research reports. Wall Street Zen downgraded The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Royal Bank Of Canada cut their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley increased their price target on The Goldman Sachs Group from $570.00 to $592.00 and gave the company an "equal weight" rating in a research note on Monday, June 23rd. Wells Fargo & Company dropped their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Evercore ISI decreased their price objective 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. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and a consensus price target of $595.67.

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.