The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 7.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,014 shares of the investment management company's stock after acquiring an additional 954 shares during the period. Apollon Wealth Management LLC's holdings in The Goldman Sachs Group were worth $7,656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Deutsche Bank AG boosted its stake in shares of The Goldman Sachs Group by 15.4% in the fourth 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. Baxter Bros Inc. lifted its holdings in The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after buying an additional 151 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $321,000. Terra Nova Asset Management LLC acquired a new position in shares of The Goldman Sachs Group in the first quarter worth $1,643,000. Finally, Strategic Blueprint LLC increased its position in shares of The Goldman Sachs Group by 15.2% during the first quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company's stock worth $1,787,000 after acquiring an additional 432 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GS has been the subject of several analyst reports. Barclays lowered their target price on 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. JPMorgan Chase & Co. cut their target price on shares of 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. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Morgan Stanley reissued an "equal weight" rating on shares of The Goldman Sachs Group in a research report on Thursday. Finally, Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $614.00.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director owned 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded up $8.35 during trading hours on Monday, reaching $713.30. The stock had a trading volume of 1,906,409 shares, compared to its average volume of 2,675,894. The firm has a 50-day moving average of $632.13 and a 200-day moving average of $596.59. The firm has a market cap of $218.87 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 0.96 and a beta of 1.35. 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 Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $726.00.

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, beating the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate 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 prior year, the company earned $11.58 earnings per share. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

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.