Topsail Wealth Management LLC Acquires Shares of 468 The Goldman Sachs Group, Inc. (NYSE:GS)

Topsail Wealth Management LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 468 shares of the investment management company's stock, valued at approximately $268,000.

A number of other large investors have also made changes to their positions in the business. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $30,000. Transce3nd LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alex S. Golten sold 5,208 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 3,545 shares in the company, valued at approximately $2,255,506.25. This trade represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded down $0.42 during trading on Friday, reaching $544.95. 1,611,879 shares of the company's stock traded hands, compared to its average volume of 2,373,158. 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 Goldman Sachs Group, Inc. has a fifty-two week low of $425.19 and a fifty-two week high of $672.19. The company has a 50-day simple moving average of $548.95 and a 200-day simple moving average of $573.94. The firm has a market cap of $170.05 billion, a PE ratio of 13.44, a P/E/G ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $11.58 earnings per share. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Wall Street Analyst Weigh In

GS has been the topic of a number of research reports. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Royal Bank of Canada reduced their price target on shares of 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. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research report on Friday, April 4th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $593.40.

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.