The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by DCM Advisors LLC

DCM Advisors LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,984 shares of the investment management company's stock after acquiring an additional 952 shares during the period. The Goldman Sachs Group comprises about 4.6% of DCM Advisors LLC's investment portfolio, making the stock its 6th biggest position. DCM Advisors LLC's holdings in The Goldman Sachs Group were worth $9,708,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $166,000. McIlrath & Eck LLC increased its holdings in shares of The Goldman Sachs Group by 160.7% in the fourth quarter. McIlrath & Eck LLC now owns 159 shares of the investment management company's stock worth $91,000 after purchasing an additional 98 shares during the last quarter. Novak & Powell Financial Services Inc. purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $216,000. Novem Group bought a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $259,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in The Goldman Sachs Group by 12.4% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 60,472 shares of the investment management company's stock valued at $34,627,000 after buying an additional 6,664 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade 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. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Trading Up 0.1%

Shares of GS traded up $0.76 during mid-day trading on Monday, hitting $598.99. The company had a trading volume of 1,530,101 shares, compared to its average volume of 2,381,190. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19. The business's 50-day simple moving average is $547.17 and its 200-day simple moving average is $581.74. The stock has a market cap of $183.80 billion, a PE ratio of 14.77, a P/E/G ratio of 0.89 and a beta of 1.32. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data 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 company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period last year, the business posted $11.58 EPS. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.00%. The Goldman Sachs Group's payout ratio is 27.85%.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent research reports. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a research note on Friday, April 4th. Citigroup decreased their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Finally, JMP Securities dropped their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $593.40.

About The Goldman Sachs Group

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.