The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 30.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,738 shares of the investment management company's stock after purchasing an additional 2,491 shares during the period. The Goldman Sachs Group comprises approximately 1.1% of K.J. Harrison & Partners Inc's portfolio, making the stock its 19th biggest holding. K.J. Harrison & Partners Inc's holdings in The Goldman Sachs Group were worth $5,866,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GS. Brighton Jones LLC grew its holdings in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after purchasing an additional 58 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $583,000. Highview Capital Management LLC DE grew its holdings in The Goldman Sachs Group by 4.7% in the fourth quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock valued at $2,186,000 after purchasing an additional 171 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $690.75 on Friday. The stock's 50-day moving average is $598.32 and its 200-day moving average is $587.09. The company has a market cap of $211.95 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 0.94 and a beta of 1.32. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $694.20.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion for 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 last year, the business posted $11.58 EPS. Equities analysts anticipate 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. Stockholders of record on Friday, May 30th were paid a $3.00 dividend. The ex-dividend date was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.74%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on The Goldman Sachs Group from $570.00 to $592.00 and gave the company an "equal weight" rating in a research report on Monday, June 23rd. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. 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 research report on Friday, April 4th. Citigroup reduced their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Finally, Barclays reduced their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $595.67.

The Goldman Sachs Group Company 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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