Lido Advisors LLC Increases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Lido Advisors LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 29.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,908 shares of the investment management company's stock after acquiring an additional 22,537 shares during the quarter. Lido Advisors LLC's holdings in The Goldman Sachs Group were worth $56,064,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter worth about $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $34,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Price Performance

GS traded up $7.40 on Thursday, reaching $554.95. The company 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 has a market cap of $173.17 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 0.89 and a beta of 1.33. 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 business has a 50 day simple moving average of $543.09 and a 200 day simple moving average of $574.28.

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 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter last year, the company posted $11.58 EPS. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GS shares. JPMorgan Chase & Co. decreased their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. JMP Securities reduced their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Barclays dropped their price target on shares of 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. Finally, Wells Fargo & Company reduced their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and a consensus price target of $593.40.

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.