Claro Advisors LLC Acquires New Shares in The Goldman Sachs Group, Inc. (NYSE:GS)

Claro Advisors LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 548 shares of the investment management company’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in shares of 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 valued at $28,000 after buying an additional 34 shares during the period. First United Bank & Trust purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $26,000. Pineridge Advisors LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $29,000. BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $39,000. 71.21% of the stock is owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group 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 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 filing with the SEC, which is accessible through this link. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction 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 transaction, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group 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 $82,299,679.48. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $463.66 on Tuesday. The firm has a market cap of $149.51 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 0.91 and a beta of 1.37. The firm’s 50 day simple moving average is $449.86 and its 200-day simple moving average is $411.13. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year 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 Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the company posted $8.79 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed 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. This represents a $11.00 annualized dividend and a yield of 2.37%. The ex-dividend date was Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. HSBC increased their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. BMO Capital Markets raised their price objective 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. Oppenheimer raised their price objective 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. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Finally, Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $443.78.

The Goldman Sachs Group 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.