The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Parisi Gray Wealth Management

Parisi Gray Wealth Management raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 20.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,838 shares of the investment management company's stock after acquiring an additional 993 shares during the quarter. The Goldman Sachs Group makes up 1.0% of Parisi Gray Wealth Management's portfolio, making the stock its 25th biggest holding. Parisi Gray Wealth Management's holdings in The Goldman Sachs Group were worth $3,189,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Asset Planning Inc purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth $30,000. Godsey & Gibb Inc. grew its stake in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after acquiring an additional 34 shares in the last quarter. Transce3nd LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $31,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Trading Up 0.2%

GS stock traded up $1.02 during trading on Thursday, hitting $625.19. The company had a trading volume of 1,632,468 shares, compared to its average volume of 2,368,166. The firm has a market capitalization of $191.83 billion, a P/E ratio of 15.42, a PEG ratio of 0.89 and a beta of 1.32. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The company has a 50 day simple moving average of $561.88 and a 200-day simple moving average of $583.31.

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 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period last year, the company posted $11.58 earnings per share. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Analyst Upgrades and Downgrades

GS has been the subject of a number of research reports. Royal Bank of Canada dropped their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Evercore ISI decreased their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Finally, 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. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group presently has an average rating of "Hold" and an average target price of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction dated 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 acquisition, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

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.