The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Liberty Capital Management Inc.

Liberty Capital Management Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,587 shares of the investment management company’s stock after acquiring an additional 29 shares during the period. Liberty Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Asset Planning Inc acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $30,000. Mascagni Wealth Management Inc. acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $31,000. Transce3nd LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $31,000. Finally, Godsey & Gibb Inc. lifted its holdings in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 34 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent research reports. 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. Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the company an “equal weight” rating in a report on Monday, April 7th. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Citigroup reduced their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Finally, 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. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the company’s stock in a transaction dated 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 completion of the purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 0.2%

GS opened at $625.19 on Friday. The firm has a 50 day moving average price of $565.10 and a 200 day moving average price of $583.47. The company has a market cap of $191.83 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. 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 Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion during 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 in the prior year, the company earned $11.58 EPS. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced 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 yield of 1.92%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

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.