Chapin Davis Inc. Buys 42 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Chapin Davis Inc. raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,290 shares of the investment management company’s stock after purchasing an additional 42 shares during the period. The Goldman Sachs Group accounts for approximately 1.0% of Chapin Davis Inc.’s holdings, making the stock its 23rd biggest position. Chapin Davis Inc.’s holdings in The Goldman Sachs Group were worth $2,627,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rehmann Capital Advisory Group raised its holdings in shares of The Goldman Sachs Group by 1.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,865 shares of the investment management company’s stock worth $927,000 after acquiring an additional 54 shares in the last quarter. Waverly Advisors LLC lifted its position in The Goldman Sachs Group by 60.6% during the third quarter. Waverly Advisors LLC now owns 4,703 shares of the investment management company’s stock valued at $1,522,000 after purchasing an additional 1,775 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 4.1% in the 3rd quarter. Lazard Asset Management LLC now owns 683,923 shares of the investment management company’s stock worth $221,295,000 after buying an additional 26,768 shares in the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of The Goldman Sachs Group by 17.6% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,287 shares of the investment management company’s stock worth $1,064,000 after buying an additional 493 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of The Goldman Sachs Group by 34.4% during the 3rd quarter. AQR Capital Management LLC now owns 165,069 shares of the investment management company’s stock valued at $53,411,000 after buying an additional 42,205 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other 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 transaction of $2,161,250.00. Following the transaction, 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 accessible through the SEC website. In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the business’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 in the company, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $455.25 on Monday. The company has a market cap of $146.80 billion, a PE ratio of 17.66, a P/E/G ratio of 0.91 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 $471.48. 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’s 50 day moving average price is $449.86 and its 200-day moving average price is $411.13.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results 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 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 during the quarter, compared to analyst estimates of $12.94 billion. During the same period in the previous year, the company posted $8.79 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Analyst Upgrades and Downgrades

GS has been the subject of several recent research reports. Oppenheimer lifted their price target on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Daiwa Capital Markets raised shares of 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 note on Thursday, March 14th. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Morgan Stanley lowered their target price on shares of The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Royal Bank of Canada upped their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $443.78.

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.