Zhang Financial LLC Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Zhang Financial LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 23.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,752 shares of the investment management company's stock after acquiring an additional 1,111 shares during the quarter. Zhang Financial LLC's holdings in The Goldman Sachs Group were worth $3,143,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock worth $3,761,576,000 after buying an additional 161,500 shares during the period. Fisher Asset Management LLC raised its stake in shares of The Goldman Sachs Group by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock worth $3,524,669,000 after buying an additional 112,696 shares during the period. GAMMA Investing LLC raised its stake 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 worth $2,172,423,000 after buying an additional 3,970,467 shares during the period. FMR LLC raised its stake in shares of The Goldman Sachs Group by 23.7% in the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock worth $2,053,614,000 after buying an additional 687,711 shares during the period. Finally, Northern Trust Corp raised its stake in shares of The Goldman Sachs Group by 15.0% in the fourth quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock worth $1,885,454,000 after buying an additional 428,502 shares during the period. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

NYSE GS traded up $1.02 during trading on Thursday, hitting $625.19. 1,632,468 shares of the stock traded hands, compared to its average volume of 2,370,710. The company has a market capitalization of $191.83 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The firm has a 50-day simple moving average of $561.88 and a 200-day simple moving average of $583.31. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter in the previous year, the business earned $11.58 EPS. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors 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 annualized dividend and a yield of 1.92%. The Goldman Sachs Group's payout ratio is presently 27.85%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GS. Barclays cut their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company cut their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. JMP Securities cut their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the stock an "equal weight" rating in a research report on Monday, April 7th. Finally, Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of "Hold" and a consensus price target of $593.40.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by insiders.

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.