Prospect Financial Services LLC Invests $251,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Prospect Financial Services LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 460 shares of the investment management company's stock, valued at approximately $251,000.

Other institutional investors have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. increased its holdings in The Goldman Sachs Group by 10.9% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock worth $93,000 after purchasing an additional 16 shares in the last quarter. Ledyard National Bank increased its holdings in The Goldman Sachs Group by 3.4% during the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock worth $278,000 after purchasing an additional 16 shares in the last quarter. Seelaus Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock valued at $378,000 after acquiring an additional 16 shares in the last quarter. Pointe Capital Management LLC grew its holdings in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock valued at $951,000 after acquiring an additional 16 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC grew its holdings in shares of The Goldman Sachs Group by 2.1% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 831 shares of the investment management company's stock valued at $476,000 after acquiring an additional 17 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Trading Up 1.0%

Shares of GS stock opened at $605.46 on Friday. The firm has a 50 day moving average price of $554.39 and a two-hundred day moving average price of $582.59. 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 company has a market capitalization of $185.78 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period last year, the business posted $11.58 earnings per share. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.98%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GS shares. Barclays decreased their price objective 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. Wells Fargo & Company decreased their price objective 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. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a report on Friday, April 4th. Royal Bank of Canada decreased their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and an average target price of $593.40.

Insiders Place Their Bets

In related news, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.

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