Register Financial Advisors LLC Increases Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Register Financial Advisors LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% during the first quarter, Holdings Channel.com reports. The firm owned 805 shares of the investment management company’s stock after buying an additional 20 shares during the period. Register Financial Advisors LLC’s holdings in The Goldman Sachs Group were worth $440,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Pointe Capital Management LLC increased its stake in The Goldman Sachs Group by 1.0% in the 4th quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company’s stock worth $951,000 after purchasing an additional 16 shares during the period. Blackston Financial Advisory Group LLC increased its stake in The Goldman Sachs Group by 2.1% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 831 shares of the investment management company’s stock worth $476,000 after purchasing an additional 17 shares during the period. Delta Financial Advisors LLC increased its stake in The Goldman Sachs Group by 0.3% in the 4th quarter. Delta Financial Advisors LLC now owns 6,861 shares of the investment management company’s stock worth $3,929,000 after purchasing an additional 18 shares during the period. Prestige Wealth Management Group LLC increased its stake in The Goldman Sachs Group by 1.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company’s stock worth $950,000 after purchasing an additional 18 shares during the period. Finally, Wynn Capital LLC increased its stake in The Goldman Sachs Group by 0.3% in the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company’s stock worth $3,211,000 after purchasing an additional 20 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. 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 report on Tuesday, April 1st. Wall Street Zen downgraded The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Finally, Daiwa Capital Markets downgraded The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price on the stock. in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $593.40.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $640.30 on Friday. The stock has a 50-day simple moving average of $581.78 and a two-hundred day simple moving average of $584.48. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $196.47 billion, a PE ratio of 14.86, a P/E/G ratio of 0.87 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results 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 business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same quarter in the previous year, the company posted $11.58 earnings per share. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s 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.