Tidal Investments LLC Acquires 32,881 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Tidal Investments LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 281.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,572 shares of the investment management company's stock after buying an additional 32,881 shares during the quarter. Tidal Investments LLC's holdings in The Goldman Sachs Group were worth $25,523,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GS. TrinityPoint Wealth LLC increased its holdings in shares of The Goldman Sachs Group by 7.6% during the 4th quarter. TrinityPoint Wealth LLC now owns 5,569 shares of the investment management company's stock worth $3,189,000 after purchasing an additional 391 shares during the period. Stonebrook Private Inc. grew its position in The Goldman Sachs Group by 7.6% during the fourth quarter. Stonebrook Private Inc. now owns 720 shares of the investment management company's stock worth $412,000 after buying an additional 51 shares in the last quarter. Strategic Wealth Partners Ltd. increased its stake in The Goldman Sachs Group by 22.0% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 25,410 shares of the investment management company's stock valued at $14,550,000 after acquiring an additional 4,589 shares during the period. Scissortail Wealth Management LLC increased its stake in The Goldman Sachs Group by 24,900.0% during the fourth quarter. Scissortail Wealth Management LLC now owns 500 shares of the investment management company's stock valued at $286,000 after acquiring an additional 498 shares during the period. Finally, Shay Capital LLC raised its holdings in The Goldman Sachs Group by 60.0% in the 4th quarter. Shay Capital LLC now owns 2,000 shares of the investment management company's stock valued at $1,145,000 after acquiring an additional 750 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on GS shares. Daiwa Capital Markets cut 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. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a report on Monday, April 7th. Wells Fargo & Company reduced their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada dropped their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and an average price target of $593.40.

Insider Transactions at The Goldman Sachs Group

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

The Goldman Sachs Group Price Performance

GS traded up $1.57 during trading on Friday, hitting $599.80. The company's stock had a trading volume of 756,126 shares, compared to its average volume of 2,375,986. 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 stock has a market capitalization of $184.04 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The firm's 50 day moving average price is $546.23 and its two-hundred day moving average price is $581.34. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly 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 business 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 13.30% and a net margin of 11.32%. During the same period in the previous year, the business posted $11.58 earnings per share. 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 dividend yield of 2.00%. The Goldman Sachs Group's payout ratio is 27.85%.

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.