RFG Advisory LLC Acquires 619 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

RFG Advisory LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,716 shares of the investment management company's stock after purchasing an additional 619 shares during the period. RFG Advisory LLC's holdings in The Goldman Sachs Group were worth $2,576,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at about $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $30,000. Transce3nd LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

GS traded up $6.25 on Thursday, reaching $605.46. The company had a trading volume of 2,085,489 shares, compared to its average volume of 2,369,314. The company has a market capitalization of $185.78 billion, a P/E ratio of 14.93, a PEG ratio of 0.89 and a beta of 1.32. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a fifty day moving average of $553.22 and a 200-day moving average of $582.47. 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 earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter in the previous year, the business posted $11.58 EPS. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. JMP Securities lowered their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a research note on Monday, April 7th. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Wells Fargo & Company lowered their price target 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. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $593.40.

About The Goldman Sachs Group

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.