Signal Advisors Wealth LLC Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Signal Advisors Wealth LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 18.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,778 shares of the investment management company's stock after buying an additional 432 shares during the period. Signal Advisors Wealth LLC's holdings in The Goldman Sachs Group were worth $1,518,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Enclave Advisors LLC boosted its stake in The Goldman Sachs Group by 8.6% during the first quarter. Enclave Advisors LLC now owns 732 shares of the investment management company's stock valued at $400,000 after buying an additional 58 shares during the period. Foster Group Inc. raised its position in The Goldman Sachs Group by 16.1% during the first quarter. Foster Group Inc. now owns 513 shares of the investment management company's stock valued at $280,000 after purchasing an additional 71 shares in the last quarter. Vest Financial LLC raised its position in The Goldman Sachs Group by 73.4% during the first quarter. Vest Financial LLC now owns 3,116 shares of the investment management company's stock valued at $1,702,000 after purchasing an additional 1,319 shares in the last quarter. Annex Advisory Services LLC raised its position in The Goldman Sachs Group by 1.2% during the first quarter. Annex Advisory Services LLC now owns 14,761 shares of the investment management company's stock valued at $8,064,000 after purchasing an additional 179 shares in the last quarter. Finally, Chatham Capital Group Inc. raised its position in The Goldman Sachs Group by 10.1% during the first quarter. Chatham Capital Group Inc. now owns 1,907 shares of the investment management company's stock valued at $1,042,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GS. JPMorgan Chase & Co. lowered their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Royal Bank of Canada lowered their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Evercore ISI decreased their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Trading Up 1.4%

NYSE:GS traded up $8.61 during mid-day trading on Friday, reaching $614.49. 1,675,612 shares of the company's stock traded hands, compared to its average volume of 2,372,395. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The firm has a market capitalization of $188.55 billion, a price-to-earnings ratio of 15.15, a PEG 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 company has a 50 day moving average price of $555.71 and a 200-day moving average price of $582.82.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the business earned $11.58 EPS. On average, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. 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 1.95%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insiders Place Their Bets

In related news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.