Retirement Planning Co of New England Inc. Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Retirement Planning Co of New England Inc. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 70.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,788 shares of the investment management company's stock after buying an additional 1,975 shares during the quarter. Retirement Planning Co of New England Inc.'s holdings in The Goldman Sachs Group were worth $2,616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mascagni Wealth Management Inc. bought a new position in The Goldman Sachs Group in the fourth quarter worth about $31,000. American Capital Advisory LLC purchased a new stake in The Goldman Sachs Group in the 1st quarter worth approximately $29,000. Transce3nd LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $31,000. Godsey & Gibb Inc. lifted its position in shares of The Goldman Sachs Group by 170.0% during 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, Lowe Wealth Advisors LLC lifted its position in shares of The Goldman Sachs Group by 326.7% during the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock valued at $35,000 after buying an additional 49 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GS has been the topic of a number of research reports. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. HSBC reissued a "reduce" rating and set a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a "market perform" rating in a research report on Thursday. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a report on Friday, April 4th. Finally, Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $630.87.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded down $2.20 during trading hours on Thursday, hitting $706.62. The stock had a trading volume of 2,043,921 shares, compared to its average volume of 2,370,571. The firm has a market capitalization of $216.82 billion, a PE ratio of 15.57, a PEG ratio of 0.97 and a beta of 1.35. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $726.00. The stock's 50 day moving average is $641.38 and its 200 day moving average is $599.03. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.12 and a quick ratio of 0.68.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The business had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. During the same quarter in the prior year, the business earned $8.62 earnings per share. The company's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. 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.