Burling Wealth Partners LLC Invests $1.37 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

Burling Wealth Partners LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 2,388 shares of the investment management company’s stock, valued at approximately $1,367,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $911,000. SkyView Investment Advisors LLC grew its holdings in The Goldman Sachs Group by 8.8% in the third quarter. SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company’s stock valued at $1,759,000 after purchasing an additional 286 shares during the period. Chelsea Counsel Co. increased its position in shares of The Goldman Sachs Group by 400.0% in the third quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company’s stock valued at $186,000 after buying an additional 300 shares in the last quarter. Tudor Financial Inc. acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $228,000. Finally, Anchor Investment Management LLC lifted its position in shares of The Goldman Sachs Group by 29.1% during the 3rd quarter. Anchor Investment Management LLC now owns 4,230 shares of the investment management company’s stock valued at $2,094,000 after buying an additional 953 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on GS shares. JMP Securities cut their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Barclays lowered their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. 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 report on Monday, March 24th. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. reduced their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $593.40.

The Goldman Sachs Group Trading Up 1.8 %

GS opened at $529.54 on Thursday. The stock has a market capitalization of $165.24 billion, a PE ratio of 13.06, a P/E/G ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a one year low of $414.85 and a one year high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The business’s 50 day moving average price is $553.80 and its 200 day moving average price is $572.78.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period last year, the company earned $11.58 EPS. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.27%. The Goldman Sachs Group’s dividend payout ratio is currently 27.85%.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the transaction, the treasurer now owns 4,552 shares of the company’s stock, valued at approximately $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% 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.