Evolution Wealth Advisors LLC Makes New $320,000 Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Evolution Wealth Advisors LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 765 shares of the investment management company’s stock, valued at approximately $320,000.

Other large investors have also recently added to or reduced their stakes in the company. First United Bank & Trust bought a new position in The Goldman Sachs Group during the 4th quarter worth $26,000. Versant Capital Management Inc boosted its stake in The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at about $29,000. BKM Wealth Management LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at about $32,000. Finally, Tributary Capital Management LLC bought a new position in The Goldman Sachs Group in the first quarter valued at about $33,000. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this link. In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS traded up $2.31 during midday trading on Wednesday, reaching $467.92. The stock had a trading volume of 992,411 shares, compared to its average volume of 2,280,587. The company’s 50-day moving average is $451.62 and its 200 day moving average is $412.29. 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 current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The company has a market capitalization of $150.89 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 0.91 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The Goldman Sachs Group’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business posted $8.79 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 36.49 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were given a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GS shares. JMP Securities increased their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. increased their target price on 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. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Citigroup increased their target price on 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, Morgan Stanley lowered their price objective on The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating for the company in a research report on Thursday, June 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $445.62.

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.