Epiq Partners LLC Purchases New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Epiq Partners LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 638 shares of the investment management company’s stock, valued at approximately $266,000.

A number of other institutional investors have also recently added to or reduced their stakes in GS. WNY Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 1.6% during the fourth quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock worth $628,000 after buying an additional 26 shares in the last quarter. Albert D Mason Inc. grew its stake in shares of The Goldman Sachs Group by 4.3% during the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after acquiring an additional 27 shares in the last quarter. Mayflower Financial Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 1.4% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 28 shares during the last quarter. Avitas Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 0.7% in the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock worth $1,711,000 after purchasing an additional 29 shares in the last quarter. Finally, Addison Advisors LLC boosted its holdings in The Goldman Sachs Group by 7.5% during the fourth quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock worth $160,000 after purchasing an additional 29 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GS has been the subject of several analyst reports. JMP Securities raised their price objective on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Royal Bank of Canada boosted their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. Bank of America increased their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. HSBC boosted their target price on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $443.78.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded down $10.76 during midday trading on Thursday, reaching $445.10. The company’s stock had a trading volume of 1,201,683 shares, compared to its average volume of 2,275,017. 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 $143.53 billion, a P/E ratio of 17.38, a P/E/G ratio of 0.92 and a beta of 1.39. The business’s 50 day moving average price is $446.99 and its two-hundred day moving average price is $409.11. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $471.48.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.79 EPS. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 36.63 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.47%. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

Insiders Place Their Bets

In other news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the transaction, the insider now directly owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.