The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 43.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,871 shares of the investment management company's stock after purchasing an additional 2,097 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $3,753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $30,000. Mascagni Wealth Management Inc. purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. American Capital Advisory LLC purchased a new position in shares of The Goldman Sachs Group during the 1st quarter worth approximately $29,000. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $31,000. Finally, Godsey & Gibb Inc. grew its stake in shares of 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 buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Wells Fargo & Company upped their price target on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research note on Tuesday. Citigroup cut their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday. Finally, Barclays cut 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 note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Hold" and a consensus target price of $614.00.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the company's 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 purchase, the director directly owned 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Down 0.7%

NYSE GS traded down $5.01 on Friday, hitting $704.11. The stock had a trading volume of 1,681,679 shares, compared to its average volume of 2,390,272. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $726.00. The business's fifty day moving average price is $632.13 and its 200 day moving average price is $596.39. 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 stock has a market cap of $216.05 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data 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 Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the previous year, the firm posted $11.58 earnings per share. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were given a dividend of $3.00 per share. The ex-dividend date was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.70%. The Goldman Sachs Group's dividend payout ratio is presently 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.