Catalyst Financial Partners LLC Acquires 50 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Catalyst Financial Partners LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,532 shares of the investment management company’s stock after purchasing an additional 50 shares during the quarter. Catalyst Financial Partners LLC’s holdings in The Goldman Sachs Group were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC lifted its position in shares of The Goldman Sachs Group by 7.8% during the 1st quarter. Signaturefd LLC now owns 6,080 shares of the investment management company’s stock valued at $3,322,000 after buying an additional 441 shares during the last quarter. Florida Financial Advisors LLC lifted its holdings in The Goldman Sachs Group by 82.7% during the 1st quarter. Florida Financial Advisors LLC now owns 1,577 shares of the investment management company’s stock worth $860,000 after purchasing an additional 714 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in The Goldman Sachs Group by 10.0% during the 1st quarter. Bleakley Financial Group LLC now owns 12,983 shares of the investment management company’s stock worth $7,093,000 after purchasing an additional 1,181 shares in the last quarter. MQS Management LLC purchased a new stake in The Goldman Sachs Group during the 1st quarter worth about $628,000. Finally, Zullo Investment Group Inc. lifted its holdings in The Goldman Sachs Group by 3.3% during the 1st quarter. Zullo Investment Group Inc. now owns 2,660 shares of the investment management company’s stock worth $1,453,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

GS opened at $704.11 on Monday. The stock’s 50 day simple moving average is $632.13 and its 200 day simple moving average is $596.59. 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 Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $726.00. The firm has a market cap of $216.05 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.96 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period last year, the company earned $11.58 EPS. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.70%. The Goldman Sachs Group’s payout ratio is 27.85%.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director directly owned 3,904 shares in the company, valued at $1,997,598.72. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Daiwa Capital Markets cut 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. Daiwa America cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. JMP Securities lowered their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $650.00 to $785.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of The Goldman Sachs Group in a report on Thursday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $614.00.

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.