Sanders Morris Harris LLC Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Sanders Morris Harris LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 103.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,782 shares of the investment management company's stock after purchasing an additional 6,000 shares during the period. The Goldman Sachs Group comprises approximately 1.0% of Sanders Morris Harris LLC's investment portfolio, making the stock its 15th largest holding. Sanders Morris Harris LLC's holdings in The Goldman Sachs Group were worth $6,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in shares of The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after buying an additional 508 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $32,815,000. Revolve Wealth Partners LLC grew its position in The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after buying an additional 58 shares in the last quarter. GFS Advisors LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $420,000. Finally, Heck Capital Advisors LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $669,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GS has been the topic of a number of research analyst reports. JMP Securities decreased their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Citigroup lowered their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. Finally, Daiwa Capital Markets lowered The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research note on Friday, April 4th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Trading Up 0.9%

The Goldman Sachs Group stock traded up $5.40 during mid-day trading on Tuesday, reaching $604.12. 1,729,693 shares of the company traded hands, compared to its average volume of 2,370,840. The firm's 50 day moving average price is $551.19 and its 200 day moving average price is $582.20. The firm has a market capitalization of $185.37 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19.

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 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 analyst estimates 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 quarter in the prior year, the company earned $11.58 EPS. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.99%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.55% of the stock is owned by insiders.

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.