Terra Nova Asset Management LLC Buys New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Terra Nova Asset Management LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 3,008 shares of the investment management company's stock, valued at approximately $1,643,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pure Financial Advisors LLC boosted its holdings in The Goldman Sachs Group by 26.3% during the 1st quarter. Pure Financial Advisors LLC now owns 745 shares of the investment management company's stock valued at $407,000 after acquiring an additional 155 shares during the period. Aspetuck Financial Management LLC purchased a new position in The Goldman Sachs Group during the 1st quarter valued at $609,000. Wealth Effects LLC boosted its holdings in The Goldman Sachs Group by 17.6% during the 1st quarter. Wealth Effects LLC now owns 481 shares of the investment management company's stock valued at $263,000 after acquiring an additional 72 shares during the period. Tyche Wealth Partners LLC boosted its holdings in The Goldman Sachs Group by 1.7% during the 1st quarter. Tyche Wealth Partners LLC now owns 3,843 shares of the investment management company's stock valued at $2,099,000 after acquiring an additional 64 shares during the period. Finally, Alpine Bank Wealth Management purchased a new position in The Goldman Sachs Group during the 1st quarter valued at $1,862,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The shares were bought 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 of the company's stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GS. JPMorgan Chase & Co. dropped their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. 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 report on Friday, April 4th. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Wells Fargo & Company decreased their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $595.67.

The Goldman Sachs Group Stock Up 0.5%

The Goldman Sachs Group stock traded up $3.59 during trading hours on Friday, reaching $690.75. The stock had a trading volume of 3,644,601 shares, compared to its average volume of 2,381,784. The company 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 company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The business's 50 day moving average price is $594.71 and its 200-day moving average price is $586.40. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $711.65.

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, topping analysts' consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period in the previous year, the company posted $11.58 earnings per share. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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

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.