Archford Capital Strategies LLC Increases Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Archford Capital Strategies LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 410.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,481 shares of the investment management company's stock after acquiring an additional 2,799 shares during the period. Archford Capital Strategies LLC's holdings in The Goldman Sachs Group were worth $1,902,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Curio Wealth LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Godsey & Gibb Inc. boosted 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 worth $30,000 after purchasing an additional 34 shares during the period. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Mascagni Wealth Management Inc. acquired a new stake in The Goldman Sachs Group during the 4th quarter worth $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $3.59 on Friday, reaching $690.75. 3,644,601 shares of the stock were exchanged, compared to its average volume of 2,381,784. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $694.20. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The business has a fifty day moving average price of $598.32 and a two-hundred day moving average price of $587.13. The firm has a market capitalization of $211.95 billion, a PE ratio of 16.03, a PEG ratio of 0.94 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly 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 Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period in the previous year, the business posted $11.58 earnings per share. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

Insiders Place Their Bets

In related news, Director John B. Hess bought 3,904 shares of the stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GS shares. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Royal Bank Of Canada lowered their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Citigroup lowered their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Finally, Morgan Stanley raised their price objective on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $595.67.

The Goldman Sachs Group 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.