Corps Capital Advisors LLC Purchases 570 Shares of The Goldman Sachs Group, Inc. $GS

Corps Capital Advisors LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,869 shares of the investment management company’s stock after acquiring an additional 570 shares during the quarter. The Goldman Sachs Group accounts for about 3.5% of Corps Capital Advisors LLC’s holdings, making the stock its 6th biggest holding. Corps Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $3,401,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GS. Norges Bank acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $2,515,830,000. Wellington Management Group LLP raised its holdings in The Goldman Sachs Group by 110.8% in the third quarter. Wellington Management Group LLP now owns 1,780,620 shares of the investment management company’s stock valued at $1,417,997,000 after acquiring an additional 936,015 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in The Goldman Sachs Group by 428.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock valued at $488,947,000 after acquiring an additional 450,984 shares in the last quarter. Vanguard Group Inc. raised its holdings in The Goldman Sachs Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock valued at $25,503,685,000 after acquiring an additional 418,820 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in The Goldman Sachs Group by 40.8% in the fourth quarter. Jennison Associates LLC now owns 1,353,007 shares of the investment management company’s stock valued at $1,189,293,000 after acquiring an additional 392,319 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 2.6%

Shares of NYSE:GS opened at $1,062.44 on Friday. The company has a market capitalization of $313.43 billion, a PE ratio of 19.42, a P/E/G ratio of 1.34 and a beta of 1.30. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.89. The Goldman Sachs Group, Inc. has a twelve month low of $609.59 and a twelve month high of $1,098.36. The firm has a 50 day simple moving average of $957.30 and a 200-day simple moving average of $909.86.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $14.12 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 59.08 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s payout ratio is presently 32.89%.

Analysts Set New Price Targets

Several brokerages recently weighed in on GS. Weiss Ratings cut shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 8th. CICC Research boosted their price objective on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Evercore reduced their price objective on shares of The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Wells Fargo & Company reduced their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Nine investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $941.82.

Read Our Latest Stock Report on GS

Insider Buying and Selling at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 6,857 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the sale, the chief financial officer owned 31,070 shares in the company, valued at $30,248,198.50. This represents a 18.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the transaction, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. The trade was a 47.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 33,681 shares of company stock valued at $31,737,875. Insiders own 0.55% of the company’s stock.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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