Sanibel Captiva Trust Company Inc. Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Sanibel Captiva Trust Company Inc. boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,832 shares of the investment management company’s stock after purchasing an additional 401 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in The Goldman Sachs Group were worth $10,288,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Avanza Fonder AB grew its holdings in The Goldman Sachs Group by 1.0% during the first quarter. Avanza Fonder AB now owns 23,748 shares of the investment management company’s stock worth $13,372,000 after acquiring an additional 244 shares during the period. Parsons Capital Management Inc. RI boosted its position in The Goldman Sachs Group by 3.4% in the 1st quarter. Parsons Capital Management Inc. RI now owns 7,296 shares of the investment management company’s stock worth $3,986,000 after purchasing an additional 242 shares in the last quarter. Sonora Investment Management Group LLC grew its stake in shares of The Goldman Sachs Group by 6.1% during the 1st quarter. Sonora Investment Management Group LLC now owns 435 shares of the investment management company’s stock worth $237,000 after purchasing an additional 25 shares during the period. Accurate Wealth Management LLC purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at approximately $347,000. Finally, Fiduciary Financial Group LLC lifted its stake in shares of The Goldman Sachs Group by 1.9% in the 1st quarter. Fiduciary Financial Group LLC now owns 1,100 shares of the investment management company’s stock valued at $601,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GS. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the company an “equal weight” rating in a research report on Monday, April 7th. Evercore ISI dropped their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Daiwa America cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, Barclays cut their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $593.40.

The Goldman Sachs Group Stock Down 0.1%

GS stock opened at $613.29 on Tuesday. 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 50-day moving average of $556.69 and a two-hundred day moving average of $582.80. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. The company has a market cap of $188.18 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the prior year, the business earned $11.58 earnings per share. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

The Goldman Sachs Group Company 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.