Rahlfs Capital LLC Purchases Shares of 700 The Goldman Sachs Group, Inc. (NYSE:GS)

Rahlfs Capital LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 700 shares of the investment management company's stock, valued at approximately $401,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedbush Securities Inc. increased its position in The Goldman Sachs Group by 12.6% in the 4th quarter. Wedbush Securities Inc. now owns 7,775 shares of the investment management company's stock worth $4,452,000 after buying an additional 869 shares during the period. Envestnet Asset Management Inc. increased its position in The Goldman Sachs Group by 1.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 344,597 shares of the investment management company's stock worth $197,323,000 after acquiring an additional 5,974 shares during the period. Aviva PLC grew its position in The Goldman Sachs Group by 15.6% during the fourth quarter. Aviva PLC now owns 190,128 shares of the investment management company's stock worth $108,871,000 after buying an additional 25,714 shares in the last quarter. Oarsman Capital Inc. grew its holdings in shares of The Goldman Sachs Group by 1.9% during the 4th quarter. Oarsman Capital Inc. now owns 5,317 shares of the investment management company's stock worth $3,045,000 after purchasing an additional 97 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its stake in The Goldman Sachs Group by 2.5% during the fourth quarter. KCM Investment Advisors LLC now owns 6,569 shares of the investment management company's stock worth $3,762,000 after buying an additional 163 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

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The Goldman Sachs Group Stock Up 0.2 %

The Goldman Sachs Group stock traded up $1.00 during midday trading on Wednesday, reaching $463.22. The stock had a trading volume of 2,076,641 shares, compared to its average volume of 2,353,014. The Goldman Sachs Group, Inc. has a 1-year low of $387.12 and a 1-year 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 firm's fifty day simple moving average is $587.13 and its 200-day simple moving average is $572.67. The stock has a market capitalization of $144.54 billion, a P/E ratio of 11.51, 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 announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts' consensus estimates of $8.21 by $3.74. The business had revenue of $13.87 billion for 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 firm's revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.48 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 2.59%. The Goldman Sachs Group's payout ratio is presently 29.59%.

Analysts Set New Price Targets

GS has been the subject of a number of recent research reports. JMP Securities dropped their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a report on Tuesday. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Daiwa Capital Markets lowered The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a research report on Friday, April 4th. Evercore ISI dropped their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Finally, Daiwa America cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $586.00.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group 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 transaction of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares of the company's stock, valued at approximately $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 available through this hyperlink. Also, Treasurer Carey Halio sold 1,545 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the transaction, the treasurer now owns 8,192 shares in the company, valued at $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. 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 ninety days. 0.55% of the stock is currently owned by corporate insiders.

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.