548 Shares in The Goldman Sachs Group, Inc. $GS Acquired by Bluedoor Private Wealth LLC

Bluedoor Private Wealth LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 548 shares of the investment management company’s stock, valued at approximately $482,000.

A number of other large investors also recently modified their holdings of the company. Cynosure Group LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $502,000. 71 West Capital Partners purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $1,906,000. Faithward Advisors LLC increased its position in shares of The Goldman Sachs Group by 5.9% in the 4th quarter. Faithward Advisors LLC now owns 446 shares of the investment management company’s stock valued at $392,000 after purchasing an additional 25 shares during the last quarter. Capital Financial Group Inc. Co. ADV purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $452,000. Finally, LFG Wealth Partners LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $1,611,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GS has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 8th. UBS Group upped their target price on shares of The Goldman Sachs Group from $930.00 to $940.00 in a report on Wednesday, May 6th. HSBC upped their target price on shares of The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Royal Bank Of Canada restated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Finally, Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Nine analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $941.82.

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The Goldman Sachs Group Trading Up 1.4%

Shares of The Goldman Sachs Group stock opened at $1,077.31 on Tuesday. The stock has a market cap of $317.82 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.38 and a beta of 1.30. The company has a fifty day simple moving average of $961.56 and a 200-day simple moving average of $912.63. 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 12-month low of $618.00 and a 12-month high of $1,098.36.

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

The Goldman Sachs Group Announces Dividend

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

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the sale, the insider owned 15,657 shares in the company, valued at $14,703,018.99. This represents a 47.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the sale, the chief accounting officer owned 6,338 shares of the company’s stock, valued at approximately $5,889,079.46. This represents a 61.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,681 shares of company stock worth $31,737,875 in the last quarter. 0.55% of the stock is currently owned by company insiders.

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.

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

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