Franklin Street Advisors Inc. NC Has $23.65 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Franklin Street Advisors Inc. NC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,296 shares of the investment management company's stock after purchasing an additional 4,992 shares during the quarter. The Goldman Sachs Group makes up about 1.7% of Franklin Street Advisors Inc. NC's holdings, making the stock its 20th biggest position. Franklin Street Advisors Inc. NC's holdings in The Goldman Sachs Group were worth $23,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GS. Deutsche Bank AG boosted its position in shares of The Goldman Sachs Group by 15.4% in the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after buying an additional 138,198 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in The Goldman Sachs Group by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company's stock valued at $129,144,000 after acquiring an additional 5,541 shares during the last quarter. Baxter Bros Inc. raised its holdings in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after purchasing an additional 151 shares during the period. Erste Asset Management GmbH grew its stake in The Goldman Sachs Group by 5.9% during the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after buying an additional 320 shares during the period. Finally, Atlas Legacy Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $356,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GS. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. Evercore ISI cut their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Wells Fargo & Company decreased their price objective on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. One equities 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 stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Trading Down 1.9%

GS stock traded down $12.04 during midday trading on Friday, hitting $613.07. 1,674,605 shares of the company's stock were exchanged, compared to its average volume of 2,370,016. The company has a market cap of $188.12 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The stock's fifty day moving average price is $568.13 and its 200-day moving average price is $583.52. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $11.58 earnings per share. Research analysts predict 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is 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.