Capital CS Group LLC Buys Shares of 1,638 The Goldman Sachs Group, Inc. (NYSE:GS)

Capital CS Group LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,638 shares of the investment management company’s stock, valued at approximately $684,000. The Goldman Sachs Group makes up approximately 0.7% of Capital CS Group LLC’s holdings, making the stock its 14th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in GS. CI Investments Inc. increased its holdings in The Goldman Sachs Group by 2.8% in the third quarter. CI Investments Inc. now owns 6,680 shares of the investment management company’s stock valued at $2,161,000 after buying an additional 183 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in The Goldman Sachs Group in the third quarter valued at about $187,000. Clearbridge Investments LLC grew its position in shares of The Goldman Sachs Group by 18.2% in the third quarter. Clearbridge Investments LLC now owns 187,164 shares of the investment management company’s stock valued at $60,561,000 after purchasing an additional 28,787 shares during the last quarter. LPL Financial LLC grew its position in shares of The Goldman Sachs Group by 4.5% in the third quarter. LPL Financial LLC now owns 207,885 shares of the investment management company’s stock valued at $67,266,000 after purchasing an additional 8,879 shares during the last quarter. Finally, Mariner LLC grew its position in shares of The Goldman Sachs Group by 3.2% in the third quarter. Mariner LLC now owns 57,224 shares of the investment management company’s stock valued at $18,516,000 after purchasing an additional 1,755 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 1.7 %

Shares of GS stock traded down $7.87 during mid-day trading on Friday, reaching $450.18. The company’s stock had a trading volume of 3,919,230 shares, compared to its average volume of 1,696,000. The company’s 50 day simple moving average is $444.55 and its 200-day simple moving average is $406.62. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $471.48. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $145.17 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the previous year, the firm posted $8.79 EPS. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 36.63 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Analyst Ratings Changes

Several research firms have recently commented on GS. BMO Capital Markets increased their price target on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Citigroup increased their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $440.57.

Insider Transactions at The Goldman Sachs Group

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the sale, the insider now owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the transaction, the insider now directly owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

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.