3,667 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Leeward Financial Partners LLC

Leeward Financial Partners LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,667 shares of the investment management company’s stock, valued at approximately $1,532,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in shares of 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 valued at $28,000 after purchasing an additional 34 shares during the period. First United Bank & Trust bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $26,000. Pineridge Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at about $29,000. Tributary Capital Management LLC acquired a new position in The Goldman Sachs Group in the 1st quarter valued at about $33,000. Finally, BKM Wealth Management LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at about $32,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In related 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 transaction of $2,161,250.00. Following the completion of the transaction, 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 SEC, which is available through this hyperlink. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David A. Viniar sold 5,000 shares of the business’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 completion of the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Bank of America increased their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. 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 research report on Tuesday, April 9th. JPMorgan Chase & Co. increased their target price on shares of 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. Finally, Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $445.62.

The Goldman Sachs Group Stock Performance

GS stock traded up $2.24 during mid-day trading on Wednesday, hitting $467.85. The company had a trading volume of 993,915 shares, compared to its average volume of 2,280,599. The firm has a market cap of $150.86 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 0.91 and a beta of 1.37. 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 Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $471.48. The stock’s fifty day moving average price is $451.62 and its two-hundred day moving average price is $412.29.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same quarter in the previous year, the firm posted $8.79 earnings per share. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 36.49 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were given a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

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.