ABLE Financial Group LLC Buys 122 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

ABLE Financial Group LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 705 shares of the investment management company’s stock after purchasing an additional 122 shares during the quarter. ABLE Financial Group LLC’s holdings in The Goldman Sachs Group were worth $385,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GS. Prestige Wealth Management Group LLC raised its stake in The Goldman Sachs Group by 1.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company’s stock worth $950,000 after buying an additional 18 shares during the last quarter. Wynn Capital LLC boosted its stake in The Goldman Sachs Group by 0.3% during the first quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company’s stock worth $3,211,000 after acquiring an additional 20 shares in the last quarter. 1900 Wealth Management LLC grew its holdings in The Goldman Sachs Group by 2.6% in the first quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company’s stock worth $425,000 after purchasing an additional 20 shares during the period. Register Financial Advisors LLC grew its holdings in The Goldman Sachs Group by 2.5% in the first quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company’s stock worth $440,000 after purchasing an additional 20 shares during the period. Finally, World Equity Group Inc. increased its stake in The Goldman Sachs Group by 0.9% in the first quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company’s stock valued at $1,273,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 2.6%

Shares of NYSE GS opened at $708.51 on Tuesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $217.40 billion, a PE ratio of 16.44, a P/E/G ratio of 0.94 and a beta of 1.32. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $714.30. The business’s fifty day moving average price is $602.45 and its 200-day moving average price is $587.92.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period in the previous year, the business posted $11.58 EPS. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a $3.00 dividend. The ex-dividend date was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.69%. The Goldman Sachs Group’s dividend payout ratio is 27.85%.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director owned 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on GS shares. Citigroup reduced their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. JPMorgan Chase & Co. lowered their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Wall Street Zen cut The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Finally, Daiwa America downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $595.67.

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.