Garde Capital Inc. Has $253,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Garde Capital Inc. lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 463 shares of the investment management company’s stock after purchasing an additional 30 shares during the quarter. Garde Capital Inc.’s holdings in The Goldman Sachs Group were worth $253,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Curio Wealth LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth $30,000. Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group during the fourth quarter worth $31,000. Transce3nd LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth $31,000. Godsey & Gibb Inc. raised its position in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after acquiring an additional 34 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth $34,000. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Citigroup decreased their price objective 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. 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. Finally, Wall Street Zen downgraded shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $593.40.

The Goldman Sachs Group Trading Up 0.8%

GS opened at $640.30 on Friday. The company’s 50 day moving average is $581.78 and its 200-day moving average is $584.48. 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 current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The company has a market cap of $196.47 billion, a P/E ratio of 14.86, a PEG ratio of 0.87 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same quarter last year, the business earned $11.58 EPS. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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. Stockholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.87%. The Goldman Sachs Group’s dividend payout ratio is currently 27.85%.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by company 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.