Thrive Wealth Management LLC Buys 56 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Thrive Wealth Management LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.3% in the first quarter, HoldingsChannel reports. The fund owned 655 shares of the investment management company’s stock after acquiring an additional 56 shares during the period. Thrive Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WNY Asset Management LLC grew its holdings in The Goldman Sachs Group by 1.6% during the fourth quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock worth $628,000 after acquiring an additional 26 shares during the period. Albert D Mason Inc. increased its holdings in shares of The Goldman Sachs Group by 4.3% during the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 27 shares in the last quarter. Mayflower Financial Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 1.4% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 28 shares during the period. Avitas Wealth Management LLC boosted its holdings in The Goldman Sachs Group by 0.7% during the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock worth $1,711,000 after buying an additional 29 shares in the last quarter. Finally, Addison Advisors LLC increased its holdings in The Goldman Sachs Group by 7.5% in the fourth quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock valued at $160,000 after buying an additional 29 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

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 transaction of $25,360,000.00. Following the completion of the transaction, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director David A. Viniar sold 5,000 shares of the 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 approximately $269,475,456.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, 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. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GS has been the subject of several recent analyst reports. Royal Bank of Canada lifted their price target on 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. JPMorgan Chase & Co. upped their target price 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. Evercore ISI boosted their price target on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Bank of America increased their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, JMP Securities boosted 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 note on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average target price of $443.78.

The Goldman Sachs Group Trading Down 2.2 %

Shares of NYSE GS traded down $9.95 during trading on Thursday, hitting $445.91. 2,834,271 shares of the company were exchanged, compared to its average volume of 2,288,199. The company has a fifty day moving average price of $448.04 and a 200-day moving average price of $409.43. 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 firm has a market capitalization of $143.79 billion, a PE ratio of 17.41, a P/E/G ratio of 0.92 and a beta of 1.39. 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 released 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 firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations 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 was up 16.1% compared to the same quarter last year. During the same period last year, the business earned $8.79 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 36.63 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is presently 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.