NorthRock Partners LLC Purchases 884 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

NorthRock Partners LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 81.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,964 shares of the investment management company's stock after purchasing an additional 884 shares during the period. NorthRock Partners LLC's holdings in The Goldman Sachs Group were worth $1,125,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $26,000. Asset Planning Inc purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $29,000. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $30,000. Transce3nd LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $31,000. Finally, Whipplewood Advisors LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded up $3.01 during trading on Friday, reaching $618.91. 2,018,441 shares of the company traded hands, compared to its average volume of 2,385,126. The firm has a 50 day simple moving average of $541.11 and a 200-day simple moving average of $579.02. 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 stock has a market capitalization of $189.91 billion, a PE ratio of 15.26, a P/E/G ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter last year, the firm posted $11.58 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's payout ratio is presently 27.85%.

Analysts Set New Price Targets

GS has been the subject of several analyst reports. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Citigroup decreased their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus target price of $593.40.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.55% of the company's stock.

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.