The Goldman Sachs Group, Inc. (NYSE:GS) Stake Raised by Davidson Investment Advisors

Davidson Investment Advisors increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,559 shares of the investment management company's stock after buying an additional 1,070 shares during the quarter. The Goldman Sachs Group comprises 1.4% of Davidson Investment Advisors' portfolio, making the stock its 20th largest holding. Davidson Investment Advisors' holdings in The Goldman Sachs Group were worth $28,166,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new position in The Goldman Sachs Group during the 1st quarter valued at about $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter worth approximately $30,000. Godsey & Gibb Inc. boosted its stake in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares in the last quarter. Transce3nd LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $31,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director owned 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 1.3%

GS opened at $725.05 on Monday. The company has a market capitalization of $222.47 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. 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 fifty-two week low of $437.37 and a fifty-two week high of $726.00. The business has a 50-day moving average of $617.08 and a 200-day moving average of $592.16.

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

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.66%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

Analyst Ratings Changes

Several research firms have recently weighed in on GS. Citigroup reduced their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a research report on Friday, April 4th. Morgan Stanley increased 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. Evercore ISI lifted their target price on The Goldman Sachs Group from $630.00 to $715.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, Barclays reduced their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $603.73.

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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