The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 16.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,046 shares of the investment management company's stock after acquiring an additional 560 shares during the quarter. Insigneo Advisory Services LLC's holdings in The Goldman Sachs Group were worth $2,210,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GS. Deutsche Bank AG grew its position in shares of The Goldman Sachs Group by 15.4% during the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after buying an additional 138,198 shares in the last quarter. Baxter Bros Inc. grew its position in shares of The Goldman Sachs Group by 1.0% during the fourth 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. Erste Asset Management GmbH grew its position in shares of The Goldman Sachs Group by 5.9% during the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after buying an additional 320 shares in the last quarter. Atlas Legacy Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $356,000. Finally, Fidelis Capital Partners LLC grew its position in shares of The Goldman Sachs Group by 65.7% during the fourth quarter. Fidelis Capital Partners LLC now owns 7,418 shares of the investment management company's stock worth $4,691,000 after buying an additional 2,942 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, for a total transaction 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 trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

GS stock opened at $627.63 on Tuesday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $192.58 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The stock's fifty day moving average is $571.45 and its two-hundred day moving average is $583.34.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 13.30% and a net margin of 11.32%. During the same period last year, the business posted $11.58 earnings per share. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GS shares. Wells Fargo & Company decreased their price target on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Barclays decreased their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Finally, Wall Street Zen downgraded shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a report on Saturday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target 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.

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