AM Investment Strategies LLC Buys 36 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

AM Investment Strategies LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,657 shares of the investment management company’s stock after buying an additional 36 shares during the period. The Goldman Sachs Group makes up about 1.7% of AM Investment Strategies LLC’s portfolio, making the stock its 9th largest position. AM Investment Strategies LLC’s holdings in The Goldman Sachs Group were worth $6,040,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GS. Albert D Mason Inc. grew its stake in shares of The Goldman Sachs Group by 4.3% during the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 27 shares during the period. Mayflower Financial Advisors LLC grew its stake in shares of The Goldman Sachs Group by 1.4% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 28 shares during the period. Avitas Wealth Management LLC grew its stake in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock valued at $1,711,000 after purchasing an additional 29 shares during the period. Samalin Investment Counsel LLC grew its stake in shares of The Goldman Sachs Group by 3.5% during the 3rd quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 30 shares during the period. Finally, Hamilton Capital LLC grew its stake in shares of The Goldman Sachs Group by 4.3% during the 3rd quarter. Hamilton Capital LLC now owns 727 shares of the investment management company’s stock valued at $235,000 after purchasing an additional 30 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 0.7 %

Shares of The Goldman Sachs Group stock traded down $2.99 during trading on Thursday, hitting $420.05. 1,966,097 shares of the stock traded hands, compared to its average volume of 2,386,683. The firm has a market cap of $136.32 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $425.35. The stock’s fifty day simple moving average is $399.41 and its 200 day simple moving average is $369.32.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same quarter in the previous year, the firm earned $8.79 earnings per share. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GS. BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Edward Jones began coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating on the stock. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Finally, Evercore ISI upped their price objective on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus price target of $434.93.

Insiders Place Their Bets

In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.