Global Frontier Investments LLC Buys Shares of 25,000 The Goldman Sachs Group, Inc. (NYSE:GS)

Global Frontier Investments LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,000 shares of the investment management company's stock, valued at approximately $14,316,000. The Goldman Sachs Group accounts for 3.7% of Global Frontier Investments LLC's investment portfolio, making the stock its 9th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth approximately $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth approximately $29,000. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the 4th quarter worth $30,000. Transce3nd LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at about $31,000. Finally, Whipplewood Advisors LLC purchased a new position in The Goldman Sachs Group in the fourth quarter worth $34,000. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 1.4 %

Shares of GS traded up $7.40 during mid-day trading on Thursday, hitting $554.95. The company's stock had a trading volume of 2,582,064 shares, compared to its average volume of 2,369,966. The Goldman Sachs Group, Inc. has a 52-week low of $428.17 and a 52-week high of $672.19. The company's 50-day moving average is $543.09 and its 200-day moving average is $574.28. The firm has a market capitalization of $173.17 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.89 and a beta of 1.33. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the previous year, the firm earned $11.58 earnings per share. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.16%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GS shares. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Wells Fargo & Company reduced their price target on shares of 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. Evercore ISI lowered their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. JPMorgan Chase & Co. cut their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Finally, Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price on the stock. in a report on Friday, April 4th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.