Castlekeep Investment Advisors LLC Makes New $944.33 Million Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Castlekeep Investment Advisors LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,649,146 shares of the investment management company’s stock, valued at approximately $944,334,000. The Goldman Sachs Group makes up about 6.2% of Castlekeep Investment Advisors LLC’s portfolio, making the stock its 3rd largest holding. Castlekeep Investment Advisors LLC owned about 0.53% of The Goldman Sachs Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the business. Baird Financial Group Inc. increased its stake in shares of The Goldman Sachs Group by 5.6% during the fourth quarter. Baird Financial Group Inc. now owns 110,871 shares of the investment management company’s stock worth $63,487,000 after buying an additional 5,877 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $527,000. Benjamin Edwards Inc. raised its holdings in shares of The Goldman Sachs Group by 5.7% in the 4th quarter. Benjamin Edwards Inc. now owns 8,020 shares of the investment management company’s stock valued at $4,594,000 after purchasing an additional 435 shares in the last quarter. BNP Paribas lifted its position in shares of The Goldman Sachs Group by 1,922.2% during the 4th quarter. BNP Paribas now owns 14,944 shares of the investment management company’s stock worth $8,557,000 after purchasing an additional 14,205 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of The Goldman Sachs Group by 1.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,387,916 shares of the investment management company’s stock worth $795,516,000 after purchasing an additional 20,018 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Trading Up 2.3 %

NYSE GS opened at $566.78 on Monday. The firm’s fifty day moving average is $540.70 and its two-hundred day moving average is $575.44. The Goldman Sachs Group, Inc. has a one year low of $437.37 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 firm has a market cap of $176.86 billion, a PE ratio of 13.98, a P/E/G ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter in the previous year, the firm posted $11.58 EPS. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.12%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Evercore ISI cut their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Citigroup cut their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. JMP Securities lowered their price target on 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. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. Finally, Daiwa America cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price of $593.40.

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.