May Hill Capital LLC Buys Shares of 1,115 The Goldman Sachs Group, Inc. (NYSE:GS)

May Hill Capital LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,115 shares of the investment management company's stock, valued at approximately $638,000.

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

The Goldman Sachs Group Trading Down 9.3 %

NYSE:GS traded down $52.35 during midday trading on Thursday, hitting $510.75. The stock had a trading volume of 5,162,119 shares, compared to its average volume of 2,293,961. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a 50-day moving average of $603.45 and a 200 day moving average of $573.30. The company has a market capitalization of $159.37 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a one year low of $387.12 and a one year high of $672.19.

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The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company's quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm posted $5.48 earnings per share. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Friday, February 28th. The Goldman Sachs Group's dividend payout ratio is presently 29.59%.

Insider Transactions at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,034 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now directly owns 6,455 shares in the company, valued at $4,047,349.55. The trade was a 23.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 over the last three months. 0.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays raised their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Citigroup reduced their price objective on 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. Evercore ISI dropped 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 report on Tuesday. Morgan Stanley cut their price target on The Goldman Sachs Group from $782.00 to $659.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $591.13.

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.