The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Forum Financial Management LP

Forum Financial Management LP increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 18.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,726 shares of the investment management company's stock after purchasing an additional 722 shares during the quarter. Forum Financial Management LP's holdings in The Goldman Sachs Group were worth $2,706,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GS. Stephens Consulting LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $26,000. Asset Planning Inc bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $29,000. Curio Wealth LLC bought a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $37,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of GS traded up $10.78 during mid-day trading on Friday, hitting $509.83. 2,587,774 shares of the stock were exchanged, compared to its average volume of 2,374,915. The firm has a 50-day moving average of $561.96 and a two-hundred day moving average of $572.80. The Goldman Sachs Group, Inc. has a 52-week low of $404.57 and a 52-week high of $672.19. 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 company has a market cap of $159.09 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the previous year, the business earned $11.58 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 1,545 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. The trade was a 15.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the sale, the insider now owns 9,589 shares of the company's stock, valued at approximately $6,086,042.41. This trade represents a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,925 shares of company stock worth $12,630,683 over the last three months. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GS has been the subject of several recent research reports. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Citigroup dropped their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Royal Bank of Canada dropped their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a report on Tuesday. Finally, Barclays lowered their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $593.40.

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.