Pathway Financial Advisors LLC Takes $215,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Pathway Financial Advisors LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 515 shares of the investment management company’s stock, valued at approximately $215,000.

Several other large investors have also recently made changes to their positions in the business. Versant Capital Management Inc increased its holdings in 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 worth $28,000 after acquiring an additional 34 shares during the last quarter. First United Bank & Trust purchased a new stake in The Goldman Sachs Group in the 4th quarter worth about $26,000. Pineridge Advisors LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth about $29,000. BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth about $32,000. Finally, Truvestments Capital LLC increased its holdings in The Goldman Sachs Group by 88.0% in the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after acquiring an additional 44 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director David A. Viniar sold 5,000 shares of the company’s 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 sale, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other 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 value of $25,360,000.00. Following the sale, the insider now directly owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GS. JMP Securities raised their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Edward Jones began coverage on The Goldman Sachs Group in a research note on Tuesday, February 27th. They issued a “buy” rating for the company. Evercore ISI raised their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Royal Bank of Canada raised their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. Finally, Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $440.57.

The Goldman Sachs Group Trading Down 1.7 %

Shares of GS traded down $7.75 during mid-day trading on Friday, hitting $450.30. 3,919,041 shares of the company’s stock traded hands, compared to its average volume of 2,293,929. 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, Inc. has a 1 year low of $289.36 and a 1 year high of $471.48. The firm has a market capitalization of $145.20 billion, a P/E ratio of 17.58, a PEG ratio of 0.92 and a beta of 1.39. The business’s 50-day moving average price is $444.55 and its 200-day moving average price is $406.62.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (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 firm had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the previous year, the firm earned $8.79 earnings per share. The business’s revenue was up 16.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 36.63 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.44%. The Goldman Sachs Group’s payout ratio is 42.95%.

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.