Leeward Financial Partners LLC Takes $1.53 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Leeward Financial Partners LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,667 shares of the investment management company’s stock, valued at approximately $1,532,000.

Other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors grew its holdings in shares of The Goldman Sachs Group by 6.0% during the 4th quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock worth $2,319,470,000 after purchasing an additional 338,181 shares during the period. Morgan Stanley raised its position in shares of The Goldman Sachs Group by 7.8% during the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after acquiring an additional 412,383 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of The Goldman Sachs Group by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after acquiring an additional 152,474 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in The Goldman Sachs Group by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock worth $2,004,153,000 after buying an additional 27,524 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in The Goldman Sachs Group by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock worth $1,910,897,000 after buying an additional 274,989 shares during the period. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on GS shares. HSBC lifted their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Evercore ISI boosted their price target on The Goldman Sachs Group from $440.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday. Seaport Res Ptn cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Finally, JMP Securities upped 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 note on Tuesday, April 9th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $445.62.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $2.24 during mid-day trading on Wednesday, reaching $467.85. 993,915 shares of the company’s stock were exchanged, compared to its average volume of 2,280,599. The business’s fifty day simple moving average is $451.62 and its 200 day simple moving average is $412.29. The firm has a market capitalization of $150.86 billion, a PE ratio of 18.25, a P/E/G ratio of 0.91 and a beta of 1.37. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year 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 Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the previous year, the business earned $8.79 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 36.49 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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

Insider Buying and Selling at The Goldman Sachs Group

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