Sharpepoint LLC Invests $575,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Sharpepoint LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,005 shares of the investment management company's stock, valued at approximately $575,000.

Other institutional investors also recently modified their holdings of the company. Morse Asset Management Inc acquired a new position in The Goldman Sachs Group during the third quarter worth $911,000. M&T Bank Corp grew its stake in shares of The Goldman Sachs Group by 0.6% in the third quarter. M&T Bank Corp now owns 27,271 shares of the investment management company's stock worth $13,502,000 after purchasing an additional 157 shares during the last quarter. SkyView Investment Advisors LLC increased its position in The Goldman Sachs Group by 8.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company's stock valued at $1,759,000 after purchasing an additional 286 shares during the period. Chelsea Counsel Co. boosted its position in The Goldman Sachs Group by 400.0% during the third quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company's stock valued at $186,000 after acquiring an additional 300 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new stake in The Goldman Sachs Group during the third quarter worth approximately $228,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares of the company's stock, valued at $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GS shares. Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a report on Friday, April 4th. Wells Fargo & Company dropped their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Evercore ISI cut their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Royal Bank of Canada lowered their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Finally, Barclays decreased their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Stock Up 1.8 %

Shares of The Goldman Sachs Group stock traded up $9.55 during trading hours on Wednesday, reaching $529.54. 3,037,141 shares of the company were exchanged, compared to its average volume of 2,372,897. The stock's fifty day moving average is $556.44 and its 200 day moving average is $573.08. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $165.24 billion, a PE ratio of 13.06, a PEG ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 1 year low of $414.85 and a 1 year high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period last year, the business earned $11.58 EPS. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is currently 27.85%.

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.