TFR Capital LLC. Acquires 761 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

TFR Capital LLC. raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 132.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,334 shares of the investment management company's stock after buying an additional 761 shares during the period. TFR Capital LLC.'s holdings in The Goldman Sachs Group were worth $729,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in The Goldman Sachs Group by 17.1% in the fourth 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 period. Revolve Wealth Partners LLC increased its position in shares of 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 acquiring an additional 58 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth approximately $583,000. Highview Capital Management LLC DE lifted its stake in The Goldman Sachs Group by 4.7% during the 4th quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock valued at $2,186,000 after acquiring an additional 171 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in The Goldman Sachs Group by 5.4% during the fourth quarter. Proficio Capital Partners LLC now owns 7,916 shares of the investment management company's stock worth $4,533,000 after purchasing an additional 404 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GS shares. JPMorgan Chase & Co. reduced their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Hsbc Global Res downgraded The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. 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. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the company an "outperform" rating in a research note on Thursday. Finally, HSBC reaffirmed a "reduce" rating and set a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $614.00.

The Goldman Sachs Group Trading Down 0.7%

Shares of NYSE GS traded down $5.01 during trading hours on Friday, hitting $704.11. The company's stock had a trading volume of 1,681,679 shares, compared to its average volume of 2,388,916. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $726.00. The stock has a market cap of $216.05 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 0.96 and a beta of 1.35. The business has a 50-day simple moving average of $632.13 and a 200-day simple moving average of $596.48.

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, beating 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 for the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter in the previous year, the company earned $11.58 earnings per share. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.70%. The Goldman Sachs Group's payout ratio is 27.85%.

Insider Activity

In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director owned 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.