541 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by TFB Advisors LLC

TFB Advisors LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 541 shares of the investment management company’s stock, valued at approximately $231,000.

Several other hedge funds have also added to or reduced their stakes in GS. First Personal Financial Services bought a new position in The Goldman Sachs Group during the 1st quarter worth approximately $25,000. First United Bank & Trust bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Versant Capital Management Inc raised its holdings in The Goldman Sachs Group by 106.3% during 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 during the last quarter. Pineridge Advisors LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Finally, BKM Wealth Management LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $32,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In related 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 in the company, valued at approximately $82,299,679.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director David A. Viniar sold 5,000 shares of the stock in a transaction 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 transaction, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $25,360,000.00. Following the transaction, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

Shares of GS traded up $6.01 during mid-day trading on Wednesday, hitting $478.84. 1,944,410 shares of the stock were exchanged, compared to its average volume of 2,289,395. The company has a market cap of $154.41 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.94 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $479.86. The firm has a 50-day moving average of $455.83 and a two-hundred day moving average of $415.39. 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 (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for 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 revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $8.79 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 36.63 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors 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 yield of 2.30%. The Goldman Sachs Group’s payout ratio is presently 42.95%.

Analysts Set New Price Targets

GS has been the subject of several analyst reports. Citigroup raised their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Royal Bank of Canada lifted their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 16th. Evercore ISI lifted their price objective on shares of The Goldman Sachs Group from $440.00 to $475.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. Finally, 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. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $450.62.

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.