Mutual Advisors LLC Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Mutual Advisors LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 40.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,657 shares of the investment management company's stock after buying an additional 2,209 shares during the quarter. Mutual Advisors LLC's holdings in The Goldman Sachs Group were worth $4,172,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GS. American Capital Advisory LLC bought a new position in shares of The Goldman Sachs Group during the first quarter valued at approximately $29,000. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $30,000. Godsey & Gibb Inc. increased its holdings in shares of The Goldman Sachs Group by 170.0% in 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 in the last quarter. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group in the 4th quarter worth about $31,000. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director owned 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

GS traded up $9.16 during trading on Friday, hitting $725.05. 1,502,041 shares of the company traded hands, compared to its average volume of 2,395,824. The company has a market cap of $222.47 billion, a PE ratio of 16.83, a P/E/G ratio of 0.98 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $726.00. 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 stock's 50-day simple moving average is $613.48 and its two-hundred day simple moving average is $590.57.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued 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 firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period in the previous year, the firm posted $11.58 earnings per share. As a group, sell-side 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 company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.66%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GS shares. Evercore ISI boosted their target price on shares of The Goldman Sachs Group from $630.00 to $715.00 and gave the company an "outperform" rating in a research note on Wednesday. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Citigroup lowered their target price on 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. JPMorgan Chase & Co. cut their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Finally, Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $603.73.

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.