Breed s Hill Capital LLC Acquires New Shares in The Goldman Sachs Group, Inc. (NYSE:GS)

Breed s Hill Capital LLC bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 603 shares of the investment management company’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Albert D Mason Inc. lifted its stake in shares of The Goldman Sachs Group by 4.3% in the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after acquiring an additional 27 shares during the last quarter. Mayflower Financial Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 1.4% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock worth $760,000 after purchasing an additional 28 shares during the last quarter. Avitas Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 0.7% in the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock worth $1,711,000 after buying an additional 29 shares during the period. Addison Advisors LLC raised its holdings in The Goldman Sachs Group by 7.5% during the 4th quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock valued at $160,000 after buying an additional 29 shares during the last quarter. Finally, Samalin Investment Counsel LLC grew its holdings in The Goldman Sachs Group by 3.5% in the 3rd quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock worth $289,000 after acquiring an additional 30 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the 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 completion of the sale, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred on 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 sale, 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 at this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,330 shares of company stock valued at $11,713,578. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GS has been the subject of a number of recent analyst reports. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target for the company in a research report on Tuesday, April 16th. BMO Capital Markets lifted their price target on 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 objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. JMP Securities lifted their target price on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Finally, Oppenheimer increased their target price on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $440.57.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $8.61 during trading hours on Thursday, hitting $455.56. 2,692,118 shares of the company’s stock traded hands, compared to its average volume of 2,367,040. 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 $456.43. The firm has a market capitalization of $147.84 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.38 and a beta of 1.40. The business’s fifty day moving average price is $407.80 and its two-hundred day moving average price is $377.71.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data 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 firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the business posted $8.79 EPS. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.41%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

About The Goldman Sachs Group

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.