E&G Advisors LP Buys 76 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

E&G Advisors LP boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,161 shares of the investment management company’s stock after purchasing an additional 76 shares during the quarter. The Goldman Sachs Group makes up 0.7% of E&G Advisors LP’s investment portfolio, making the stock its 27th largest position. E&G Advisors LP’s holdings in The Goldman Sachs Group were worth $2,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. BluePath Capital Management LLC bought a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at about $213,000. Leeward Financial Partners LLC purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at about $1,532,000. Marest Capital LLC raised its holdings in shares of The Goldman Sachs Group by 91.4% during the 1st quarter. Marest Capital LLC now owns 1,908 shares of the investment management company’s stock valued at $798,000 after buying an additional 911 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 1.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 28,147 shares of the investment management company’s stock valued at $11,757,000 after buying an additional 283 shares in the last quarter. Finally, Evolution Wealth Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at about $320,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $2.24 during mid-day trading on Wednesday, reaching $467.85. 993,915 shares of the stock traded hands, compared to its average volume of 2,280,599. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The business’s 50-day moving average is $451.62 and its 200-day moving average is $412.29. The stock has a market capitalization 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 Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $471.48.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $8.79 earnings per share. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 36.49 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were paid a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, May 30th. The Goldman Sachs Group’s payout ratio is presently 42.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $410.00 to $430.00 in a report on Thursday, March 14th. 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 note on Tuesday, April 16th. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Finally, Morgan Stanley decreased their price target on The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating on the stock in a research note on Thursday, June 27th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $445.62.

Insider Activity at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the 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 sale, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a document filed with the SEC, which is available at this link. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the sale, the insider now 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction 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 sale, the director now directly owns 623,425 shares in the company, 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.

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.