Rogco LP Acquires New Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Rogco LP bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 771 shares of the investment management company's stock, valued at approximately $421,000.

Other institutional investors have also added to or reduced their stakes in the company. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $30,000. Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group during the 4th quarter valued at about $31,000. American Capital Advisory LLC purchased a new stake in The Goldman Sachs Group during the 1st quarter valued at $29,000. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at about $31,000. Finally, Godsey & Gibb Inc. lifted its position in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

GS stock traded up $12.73 during mid-day trading on Thursday, reaching $709.29. The company had a trading volume of 1,732,329 shares, compared to its average volume of 2,392,553. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $726.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $217.64 billion, a P/E ratio of 16.46, a P/E/G ratio of 0.95 and a beta of 1.35. The stock's 50-day simple moving average is $626.30 and its two-hundred day simple moving average is $594.60.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the business posted $11.58 earnings per share. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.69%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The shares were acquired 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 owned 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on GS shares. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an "outperform" rating in a report on Thursday. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Citigroup cut their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. HSBC restated a "reduce" rating and issued a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday. Finally, Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $614.00.

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.