The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 14.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,888 shares of the investment management company’s stock after acquiring an additional 1,112 shares during the period. First Trust Direct Indexing L.P.’s holdings in The Goldman Sachs Group were worth $3,713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kovack Advisors Inc. grew its position in The Goldman Sachs Group by 18.5% in the 1st quarter. Kovack Advisors Inc. now owns 2,790 shares of the investment management company’s stock valued at $1,165,000 after acquiring an additional 435 shares in the last quarter. Arcus Capital Partners LLC lifted its position in The Goldman Sachs Group by 1.0% in the first quarter. Arcus Capital Partners LLC now owns 5,134 shares of the investment management company’s stock valued at $2,144,000 after purchasing an additional 51 shares during the period. Norden Group LLC purchased a new position in shares of The Goldman Sachs Group in the 1st quarter valued at about $2,423,000. Meadow Creek Wealth Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth $1,695,000. Finally, Wallington Asset Management LLC raised its holdings in shares of The Goldman Sachs Group by 0.8% in the first quarter. Wallington Asset Management LLC now owns 33,429 shares of the investment management company’s stock worth $13,963,000 after acquiring an additional 269 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.5 %

GS stock traded up $2.31 during trading on Thursday, reaching $467.92. The stock had a trading volume of 993,915 shares, compared to its average volume of 1,939,258. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $471.48. The company’s 50 day moving average is $452.52 and its two-hundred day moving average is $412.68. The company has a market capitalization of $150.89 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 0.94 and a beta of 1.37. 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 Goldman Sachs Group (NYSE:GS) last released 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 company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The Goldman Sachs Group’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the firm earned $8.79 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 36.52 EPS for the current year.

The Goldman Sachs Group Announces Dividend

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

Analyst Upgrades and Downgrades

GS has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $440.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Morgan Stanley dropped their price objective 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, June 27th. JMP Securities lifted their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Finally, Bank of America increased their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $445.62.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’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 sale, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director David A. Viniar sold 5,000 shares of the company’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 directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’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 sale, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate 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.