Coastwise Capital Group LLC Has $229,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Coastwise Capital Group LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 19.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 419 shares of the investment management company’s stock after selling 104 shares during the quarter. Coastwise Capital Group LLC’s holdings in The Goldman Sachs Group were worth $229,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. American Capital Advisory LLC acquired a new stake in The Goldman Sachs Group in the first quarter valued at approximately $29,000. Godsey & Gibb Inc. lifted its position in shares of The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after buying an additional 34 shares during the last quarter. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $31,000. Mascagni Wealth Management Inc. purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $31,000. Finally, Lowe Wealth Advisors LLC lifted its holdings in The Goldman Sachs Group by 326.7% during the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company’s stock worth $35,000 after purchasing an additional 49 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $708.31 on Friday. The stock has a 50 day moving average of $647.01 and a 200 day moving average of $601.08. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $726.00. The firm has a market cap of $217.34 billion, a PE ratio of 15.61, a PEG ratio of 0.96 and a beta of 1.35. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The business had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the prior year, the business posted $8.62 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.26%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s dividend payout ratio is 35.26%.

Analyst Ratings Changes

Several analysts have weighed in on GS shares. 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. Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Barclays reduced their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Citigroup reduced their price target 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. Finally, Hsbc Global Res lowered The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $649.29.

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.