Balboa Wealth Partners Grows Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Balboa Wealth Partners raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 20.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,337 shares of the investment management company’s stock after buying an additional 229 shares during the period. Balboa Wealth Partners’ holdings in The Goldman Sachs Group were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. WBI Investments LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at about $1,048,000. Kore Advisors LP purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $262,000. King Luther Capital Management Corp lifted its position in shares of The Goldman Sachs Group by 7.9% in the 4th quarter. King Luther Capital Management Corp now owns 9,169 shares of the investment management company’s stock worth $3,537,000 after purchasing an additional 672 shares during the period. InterOcean Capital Group LLC lifted its position in shares of The Goldman Sachs Group by 3.8% in the 4th quarter. InterOcean Capital Group LLC now owns 60,426 shares of the investment management company’s stock worth $23,310,000 after purchasing an additional 2,230 shares during the period. Finally, Davis R M Inc. lifted its position in shares of The Goldman Sachs Group by 7.1% in the 4th quarter. Davis R M Inc. now owns 1,133 shares of the investment management company’s stock worth $437,000 after purchasing an additional 75 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded up $0.35 during midday trading on Thursday, hitting $462.73. The company’s stock had a trading volume of 988,393 shares, compared to its average volume of 2,338,395. The business’s 50 day simple moving average is $422.29 and its 200 day simple moving average is $388.77. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $149.21 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 0.95 and a beta of 1.40. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $471.48.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the firm posted $8.79 earnings per share. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 36.57 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GS. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $440.57.

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.