The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Evanson Asset Management LLC

Evanson Asset Management LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 11.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 396 shares of the investment management company’s stock after purchasing an additional 40 shares during the period. Evanson Asset Management LLC’s holdings in The Goldman Sachs Group were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GS. GAMMA Investing LLC lifted its position in shares of The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock worth $2,172,423,000 after purchasing an additional 3,970,467 shares in the last quarter. Norges Bank acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $1,603,315,000. Castlekeep Investment Advisors LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $944,334,000. Raymond James Financial Inc. acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $624,844,000. Finally, Proficio Capital Partners LLC raised its holdings in The Goldman Sachs Group by 14,007.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock valued at $606,815,000 after acquiring an additional 1,052,204 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 several recent analyst reports. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Citigroup cut their price target 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. Oppenheimer cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. JMP Securities cut their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Finally, Daiwa America cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $593.40.

The Goldman Sachs Group Stock Up 0.8%

The Goldman Sachs Group stock opened at $640.30 on Friday. The company has a 50-day simple moving average of $581.78 and a 200-day simple moving average of $584.48. The firm has a market capitalization of $196.47 billion, a P/E ratio of 14.86, a P/E/G ratio of 0.87 and a beta of 1.32. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The business 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 in the prior year, the firm earned $11.58 earnings per share. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business 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 $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.87%. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is currently owned by 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.