Strategic Blueprint LLC Buys 432 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Strategic Blueprint LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 15.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,271 shares of the investment management company's stock after buying an additional 432 shares during the period. Strategic Blueprint LLC's holdings in The Goldman Sachs Group were worth $1,787,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management lifted its holdings in shares of The Goldman Sachs Group by 78.3% during the first quarter. Brookstone Capital Management now owns 6,699 shares of the investment management company's stock worth $3,660,000 after buying an additional 2,942 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in The Goldman Sachs Group by 45.2% during the first quarter. Catalyst Capital Advisors LLC now owns 527 shares of the investment management company's stock worth $288,000 after acquiring an additional 164 shares during the period. SMART Wealth LLC bought a new position in The Goldman Sachs Group during the first quarter worth about $810,000. IFM Investors Pty Ltd raised its stake in The Goldman Sachs Group by 9.9% in the 1st quarter. IFM Investors Pty Ltd now owns 65,174 shares of the investment management company's stock worth $35,604,000 after purchasing an additional 5,864 shares in the last quarter. Finally, GF Fund Management CO. LTD. boosted its holdings in The Goldman Sachs Group by 193.3% in the 1st quarter. GF Fund Management CO. LTD. now owns 1,959 shares of the investment management company's stock valued at $1,070,000 after purchasing an additional 1,291 shares during the period. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

GS stock traded up $9.16 during trading on Friday, reaching $725.05. 1,502,041 shares of the company were exchanged, compared to its average volume of 2,395,824. The company has a market capitalization of $222.47 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 0.99 and a beta of 1.35. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The company has a 50-day moving average of $617.08 and a two-hundred day moving average of $591.61. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly 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 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 the consensus estimate of $14.99 billion. During the same period in the prior year, the business earned $11.58 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were given a $3.00 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.66%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Insider Activity 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 stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director directly owned 3,904 shares of the company's stock, valued at $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GS shares. JMP Securities decreased 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. Royal Bank Of Canada cut their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Daiwa Capital Markets cut 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 research report on Friday, April 4th. Finally, Wells Fargo & Company decreased their target price on shares of 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. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $603.73.

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.