Franklin Street Advisors Inc. NC Raises Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Franklin Street Advisors Inc. NC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 37.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,310 shares of the investment management company’s stock after purchasing an additional 360 shares during the period. Franklin Street Advisors Inc. NC’s holdings in The Goldman Sachs Group were worth $547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First United Bank & Trust purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $26,000. Versant Capital Management Inc lifted its holdings in The Goldman Sachs Group by 106.3% in the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after purchasing an additional 34 shares in the last quarter. Pineridge Advisors LLC bought a new position in The Goldman Sachs Group in the 4th quarter worth approximately $29,000. Truvestments Capital LLC grew its holdings in The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares in the last quarter. Finally, BKM Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $32,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

NYSE:GS traded down $11.04 during trading hours on Thursday, reaching $444.82. 1,812,825 shares of the company’s stock were exchanged, compared to its average volume of 2,279,986. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $471.48. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $143.44 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 0.92 and a beta of 1.39. The company has a 50-day moving average of $448.04 and a 200 day moving average of $409.43.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The business 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 quarter in the prior year, the business earned $8.79 earnings per share. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 36.63 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Analysts Set New Price Targets

A number of brokerages recently commented on GS. Citigroup increased their price target on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. BMO Capital Markets upped their price target on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. HSBC raised their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, JMP Securities increased their target price on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $443.78.

Insiders Place Their Bets

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

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.