The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Cooper Capital Advisors LLC

Cooper Capital Advisors LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1,558.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,088 shares of the investment management company's stock after acquiring an additional 8,540 shares during the quarter. The Goldman Sachs Group comprises about 5.3% of Cooper Capital Advisors LLC's investment portfolio, making the stock its 9th largest holding. Cooper Capital Advisors LLC's holdings in The Goldman Sachs Group were worth $4,965,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GS. Leavell Investment Management Inc. lifted its holdings in The Goldman Sachs Group by 47.7% in the first quarter. Leavell Investment Management Inc. now owns 4,647 shares of the investment management company's stock worth $2,539,000 after purchasing an additional 1,501 shares during the period. Main Street Research LLC bought a new stake in The Goldman Sachs Group in the first quarter worth about $13,998,000. Moloney Securities Asset Management LLC raised its position in The Goldman Sachs Group by 12.6% in the first quarter. Moloney Securities Asset Management LLC now owns 3,743 shares of the investment management company's stock worth $2,045,000 after acquiring an additional 418 shares in the last quarter. Banque Pictet & Cie SA raised its position in The Goldman Sachs Group by 4.3% in the first quarter. Banque Pictet & Cie SA now owns 13,438 shares of the investment management company's stock worth $7,341,000 after acquiring an additional 558 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its position in The Goldman Sachs Group by 46.9% in the first quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock worth $38,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director directly owned 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Stock Down 0.1%

Shares of The Goldman Sachs Group stock opened at $696.84 on Thursday. The stock has a market capitalization of $213.82 billion, a P/E ratio of 16.17, a PEG ratio of 0.95 and a beta of 1.35. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The stock has a 50 day moving average price of $626.30 and a two-hundred day moving average price of $594.60. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion during 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 quarter in the prior year, the business earned $11.58 earnings per share. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders 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 yield of 1.72%. The Goldman Sachs Group's payout ratio is currently 27.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GS shares. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. JMP Securities cut their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays dropped their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $614.00.

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.

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