Versant Capital Management Inc Acquires 469 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Versant Capital Management Inc boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 83.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,030 shares of the investment management company's stock after purchasing an additional 469 shares during the period. Versant Capital Management Inc's holdings in The Goldman Sachs Group were worth $563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GS. Brighton Jones LLC raised its stake in shares of The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after buying an additional 508 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $32,815,000. Revolve Wealth Partners LLC raised its stake in shares of The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after buying an additional 58 shares during the period. Hantz Financial Services Inc. raised its stake in shares of The Goldman Sachs Group by 2.2% in the fourth quarter. Hantz Financial Services Inc. now owns 4,877 shares of the investment management company's stock valued at $2,793,000 after buying an additional 106 shares during the period. Finally, Strategic Blueprint LLC raised its stake in shares of The Goldman Sachs Group by 3.9% in the fourth quarter. Strategic Blueprint LLC now owns 2,839 shares of the investment management company's stock valued at $1,625,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 71.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GS. JPMorgan Chase & Co. lowered their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Barclays decreased their price objective 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. Daiwa Capital Markets lowered 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 note on Friday, April 4th. Finally, Wells Fargo & Company decreased their price objective on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus price target of $593.40.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded down $5.00 during midday trading on Friday, hitting $599.86. 2,129,454 shares of the company's stock were exchanged, compared to its average volume of 2,378,031. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The stock has a 50-day moving average price of $550.69 and a two-hundred day moving average price of $582.29. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $184.06 billion, a P/E ratio of 14.79, a PEG ratio of 0.89 and a beta of 1.32.

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 Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same period in the previous year, the business earned $11.58 earnings per share. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is currently 27.85%.

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.