NorthCrest Asset Manangement LLC Buys 24,477 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

NorthCrest Asset Manangement LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 63.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,027 shares of the investment management company's stock after purchasing an additional 24,477 shares during the quarter. The Goldman Sachs Group comprises approximately 1.1% of NorthCrest Asset Manangement LLC's investment portfolio, making the stock its 19th biggest position. NorthCrest Asset Manangement LLC's holdings in The Goldman Sachs Group were worth $36,090,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GS. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth $30,000. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $31,000. Finally, Whipplewood Advisors LLC bought a new position in The Goldman Sachs Group in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was 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 directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Trading Down 0.8%

The Goldman Sachs Group stock traded down $5.00 during mid-day trading on Friday, hitting $599.86. 2,129,454 shares of the stock were exchanged, compared to its average volume of 2,378,031. The stock has a market capitalization of $184.06 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. 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 firm's fifty day simple moving average is $550.69 and its two-hundred day simple moving average is $582.17.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same period in the prior year, the company posted $11.58 earnings per share. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GS shares. JMP Securities dropped their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Barclays dropped their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Citigroup dropped their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Finally, Daiwa Capital Markets lowered The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a research report on Friday, April 4th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $593.40.

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.