Tower View Wealth Management LLC Purchases 2,352 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Tower View Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 39.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,297 shares of the investment management company's stock after buying an additional 2,352 shares during the quarter. The Goldman Sachs Group makes up approximately 2.6% of Tower View Wealth Management LLC's investment portfolio, making the stock its 13th largest position. Tower View Wealth Management LLC's holdings in The Goldman Sachs Group were worth $4,532,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GS. GAMMA Investing LLC grew its position in shares of The Goldman Sachs Group by 63,864.7% in the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after purchasing an additional 3,970,467 shares during the last quarter. Norges Bank acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $1,603,315,000. Castlekeep Investment Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $944,334,000. Raymond James Financial Inc. acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $624,844,000. Finally, Proficio Capital Partners LLC grew its position in shares of The Goldman Sachs Group by 14,007.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock valued at $606,815,000 after purchasing an additional 1,052,204 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GS shares. Barclays cut their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Evercore ISI cut their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. JPMorgan Chase & Co. cut their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, Citigroup dropped their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Trading Up 0.8%

NYSE GS traded up $5.06 on Friday, reaching $640.30. The company had a trading volume of 4,113,195 shares, compared to its average volume of 2,375,515. 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 business has a 50 day moving average of $581.78 and a two-hundred day moving average of $584.30. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19. The firm has a market cap of $196.47 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 0.87 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period last year, the business posted $11.58 EPS. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued 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 currently 27.85%.

Insiders Place Their Bets

In related news, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.55% of the company's stock.

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.