Sovran Advisors LLC Has $1.10 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Sovran Advisors LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 301.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,150 shares of the investment management company's stock after buying an additional 1,615 shares during the quarter. Sovran Advisors LLC's holdings in The Goldman Sachs Group were worth $1,096,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Curio Wealth LLC acquired a new position in The Goldman Sachs Group in the fourth quarter worth about $30,000. Mascagni Wealth Management Inc. acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $31,000. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Godsey & Gibb Inc. boosted its stake in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after buying an additional 34 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in The Goldman Sachs Group in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Activity

In related news, Director John B. Hess bought 3,904 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $690.75 on Monday. The firm has a market cap of $211.95 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 0.94 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 $710.40. 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 50-day moving average price of $598.32 and a 200 day moving average price of $587.06.

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

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GS shares. Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Citigroup reduced 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 research report on Monday, March 24th. Daiwa Capital Markets lowered shares of 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. Finally, Morgan Stanley lifted their target price on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the company an "equal weight" rating in a research note on Monday, June 23rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $595.67.

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.

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