RFG Advisory LLC Acquires 208 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

RFG Advisory LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 9.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,401 shares of the investment management company’s stock after purchasing an additional 208 shares during the period. RFG Advisory LLC’s holdings in The Goldman Sachs Group were worth $1,003,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at $187,000. LPL Financial LLC lifted its holdings in The Goldman Sachs Group by 4.5% during the 3rd quarter. LPL Financial LLC now owns 207,885 shares of the investment management company’s stock worth $67,266,000 after buying an additional 8,879 shares during the period. Federated Hermes Inc. raised its position in shares of The Goldman Sachs Group by 467.2% in the 3rd quarter. Federated Hermes Inc. now owns 106,420 shares of the investment management company’s stock worth $34,434,000 after acquiring an additional 87,657 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of The Goldman Sachs Group by 14.3% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,834 shares of the investment management company’s stock worth $1,241,000 after acquiring an additional 480 shares in the last quarter. Finally, Certified Advisory Corp raised its position in shares of The Goldman Sachs Group by 7.0% in the 3rd quarter. Certified Advisory Corp now owns 793 shares of the investment management company’s stock worth $257,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Bank of America lifted their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wells Fargo & Company lifted their price objective on The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Oppenheimer boosted their target price on The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Finally, BMO Capital Markets boosted their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research report 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $440.57.

Insider Transactions at The Goldman Sachs Group

In other news, 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 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 owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, 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 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 owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $450.18 on Friday. 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 stock has a 50 day moving average price of $444.55 and a two-hundred day moving average price of $407.07. The firm has a market capitalization of $145.17 billion, a P/E ratio of 17.58, a P/E/G ratio of 0.93 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $471.48.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $12.94 billion. During the same quarter in the previous year, the business earned $8.79 EPS. The company’s revenue was up 16.1% compared to the same quarter last year. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 36.63 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.44%. 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.