Tcfg Wealth Management LLC Acquires 27 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Tcfg Wealth Management LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 430 shares of the investment management company’s stock after acquiring an additional 27 shares during the quarter. Tcfg Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $235,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after purchasing an additional 508 shares during the period. Union Bancaire Privee UBP SA bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $32,815,000. Revolve Wealth Partners LLC lifted its position in The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after purchasing an additional 58 shares during the period. Van ECK Associates Corp lifted its position in The Goldman Sachs Group by 2.6% during the fourth quarter. Van ECK Associates Corp now owns 6,320 shares of the investment management company’s stock worth $3,619,000 after purchasing an additional 163 shares during the period. Finally, Blue Trust Inc. lifted its position in The Goldman Sachs Group by 15.7% during the fourth quarter. Blue Trust Inc. now owns 3,478 shares of the investment management company’s stock worth $1,992,000 after purchasing an additional 472 shares during the period. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GS. Oppenheimer cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price for the company. in a report on Friday, April 4th. Royal Bank of Canada dropped their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company dropped their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Finally, Wall Street Zen cut shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

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

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $613.07 on Monday. The company has a market capitalization of $188.12 billion, a PE ratio of 15.12, a P/E/G ratio of 0.89 and a beta of 1.32. The company has a 50 day simple moving average of $568.13 and a two-hundred day simple moving average of $583.21. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $11.58 EPS. Research analysts anticipate 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 given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

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.