New England Research & Management Inc. Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

New England Research & Management Inc. lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 51.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,023 shares of the investment management company's stock after buying an additional 2,731 shares during the quarter. The Goldman Sachs Group comprises approximately 2.2% of New England Research & Management Inc.'s holdings, making the stock its 7th largest position. New England Research & Management Inc.'s holdings in The Goldman Sachs Group were worth $4,383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Asset Planning Inc bought a new position in The Goldman Sachs Group during the fourth quarter worth $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth $30,000. Godsey & Gibb Inc. increased its position in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after acquiring an additional 34 shares during the period. Transce3nd LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth $31,000. Finally, Mascagni Wealth Management Inc. bought a new position in The Goldman Sachs Group during the fourth quarter worth $31,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded down $12.04 during mid-day trading on Friday, reaching $613.07. 1,674,605 shares of the stock were exchanged, compared to its average volume of 2,373,273. The company has a market cap of $188.12 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a 50-day simple moving average of $568.13 and a 200 day simple moving average of $583.37. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19.

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 earnings per share (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 analysts' expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter last year, the company posted $11.58 EPS. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's payout ratio is presently 27.85%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GS shares. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Royal Bank of Canada dropped their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. 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 note on Friday, April 4th. Finally, Evercore ISI dropped their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price 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. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.