The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Narwhal Capital Management

Narwhal Capital Management raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 18.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,564 shares of the investment management company's stock after acquiring an additional 5,315 shares during the period. The Goldman Sachs Group makes up about 1.6% of Narwhal Capital Management's portfolio, making the stock its 14th biggest position. Narwhal Capital Management's holdings in The Goldman Sachs Group were worth $18,336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth about $30,000. Godsey & Gibb Inc. boosted its position in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after purchasing an additional 34 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Mascagni Wealth Management Inc. purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $34,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John B. Hess bought 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GS has been the topic of several analyst reports. Citigroup dropped their price target on shares of 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. Royal Bank Of Canada lowered their target price on shares of 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. Barclays lowered their price target 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. JMP Securities dropped 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, Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $640.30 on Monday. The company has a market cap of $196.47 billion, a P/E ratio of 14.86, a P/E/G ratio of 0.87 and a beta of 1.32. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19. The company's 50-day moving average price is $581.78 and its 200-day moving average price is $584.30. 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 (NYSE:GS - Get Free Report) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The business 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 13.76% and a net margin of 11.86%. During the same period in the previous year, the firm posted $11.58 EPS. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.87%. The Goldman Sachs Group's payout ratio is 27.85%.

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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