Capital Investment Advisors LLC Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Capital Investment Advisors LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,426 shares of the investment management company’s stock after buying an additional 272 shares during the quarter. Capital Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $23,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in The Goldman Sachs Group by 63,864.7% in the 1st 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 bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $1,603,315,000. Castlekeep Investment Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $944,334,000. Raymond James Financial Inc. bought a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $624,844,000. Finally, Proficio Capital Partners LLC grew its holdings in The Goldman Sachs Group by 14,007.0% during the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock valued at $606,815,000 after buying an additional 1,052,204 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the subject of a number of research reports. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the company an “equal weight” rating in a research report on Monday, April 7th. Daiwa America lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Royal Bank of Canada decreased their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 15th. Finally, Daiwa Capital Markets lowered The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price target for the company. in a research report on Friday, April 4th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $593.40.

The Goldman Sachs Group Stock Up 1.4%

Shares of GS opened at $614.49 on Friday. The firm has a fifty day moving average price of $555.71 and a 200-day moving average price of $582.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $188.55 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the previous year, the company earned $11.58 EPS. Equities research 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio is 27.85%.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group 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 purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Profile

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.