Wealth Alliance Advisory Group LLC Boosts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Wealth Alliance Advisory Group LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,485 shares of the investment management company's stock after acquiring an additional 555 shares during the quarter. Wealth Alliance Advisory Group LLC's holdings in The Goldman Sachs Group were worth $1,358,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GS. Deutsche Bank AG boosted its holdings in 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 valued at $594,412,000 after purchasing an additional 138,198 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of 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 buying an additional 5,541 shares during the period. Baxter Bros Inc. increased its stake in 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 valued at $8,879,000 after buying an additional 151 shares during the last quarter. Erste Asset Management GmbH grew its stake in shares of The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock valued at $3,309,000 after buying an additional 320 shares in the last quarter. Finally, Atlas Legacy Advisors LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at $356,000. 71.21% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director John B. Hess bought 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, 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. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Up 1.0%

Shares of The Goldman Sachs Group stock traded up $6.25 on Thursday, reaching $605.46. The company had a trading volume of 2,085,489 shares, compared to its average volume of 2,369,315. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The firm has a market cap of $185.78 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm's 50-day moving average price is $553.22 and its two-hundred day moving average price is $582.47.

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 company had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the prior year, the business earned $11.58 EPS. As a group, 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.98%. The Goldman Sachs Group's payout ratio is 27.85%.

Analysts Set New Price Targets

GS has been the subject of several analyst reports. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the company an "equal weight" rating in a report on Monday, April 7th. JMP Securities decreased their price objective on 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. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. dropped their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Finally, Royal Bank of Canada dropped their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average 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.