Worth Financial Advisory Group LLC Invests $599,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Worth Financial Advisory Group LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,096 shares of the investment management company's stock, valued at approximately $599,000.

Several other large investors also recently modified their holdings of GS. Curio Wealth LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth $30,000. Godsey & Gibb Inc. boosted its stake in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after acquiring an additional 34 shares in the last quarter. Transce3nd LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth $31,000. Mascagni Wealth Management Inc. bought a new position in The Goldman Sachs Group during the fourth quarter worth $31,000. Finally, Whipplewood Advisors LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth $34,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.8%

The Goldman Sachs Group stock opened at $640.30 on Friday. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19. The firm has a market capitalization of $196.47 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 0.87 and a beta of 1.32. The firm's fifty day moving average price is $581.78 and its two-hundred day moving average price is $584.48. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41.

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 for the quarter, beating analysts' consensus estimates 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 company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period last year, the firm earned $11.58 earnings per share. On average, equities research analysts predict 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 company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's payout ratio is currently 27.85%.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GS has been the topic of several research analyst reports. Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a research note on Monday, April 7th. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Royal Bank Of Canada cut their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $593.40.

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.

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