Richardson Capital Management LLC Takes $42,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Richardson Capital Management LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the first quarter, Holdings Channel.com reports. The firm acquired 100 shares of the investment management company’s stock, valued at approximately $42,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital World Investors grew its holdings in shares of The Goldman Sachs Group by 6.0% during the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock worth $2,319,470,000 after purchasing an additional 338,181 shares in the last quarter. Morgan Stanley grew its stake in The Goldman Sachs Group by 7.8% in the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after buying an additional 412,383 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of The Goldman Sachs Group by 2.8% in the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after buying an additional 152,474 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of The Goldman Sachs Group by 0.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock valued at $2,004,153,000 after buying an additional 27,524 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in The Goldman Sachs Group by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock worth $1,910,897,000 after acquiring an additional 274,989 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group 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 completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent analyst reports. 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 report on Tuesday, April 16th. Oppenheimer raised their target price on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. JMP Securities increased their price objective on 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. HSBC upped their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley cut their price target on shares of The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating on the stock in a report on Thursday. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $443.78.

The Goldman Sachs Group Stock Up 1.4 %

Shares of NYSE GS traded up $6.36 during midday trading on Friday, hitting $452.32. The stock had a trading volume of 3,839,657 shares, compared to its average volume of 1,900,364. The company has a market cap of $145.86 billion, a P/E ratio of 17.66, a PEG ratio of 0.91 and a beta of 1.39. 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 business’s 50 day moving average is $449.86 and its 200-day moving average is $410.79. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $471.48.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same period last year, the business posted $8.79 EPS. The company’s revenue was up 16.1% compared to the same quarter last year. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were issued a dividend of $2.75 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.43%. The Goldman Sachs Group’s payout ratio is 42.95%.

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.