Diligent Investors LLC Buys 141 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Diligent Investors LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,865 shares of the investment management company’s stock after purchasing an additional 141 shares during the period. Diligent Investors LLC’s holdings in The Goldman Sachs Group were worth $2,111,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Asset Planning Inc acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $29,000. Curio Wealth LLC bought a new stake in The Goldman Sachs Group during the fourth quarter valued at $30,000. Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group during the fourth quarter valued at $31,000. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $31,000. Finally, Whipplewood Advisors LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $34,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.7%

Shares of GS stock opened at $599.64 on Thursday. The company has a 50 day moving average of $553.22 and a 200-day moving average of $582.47. The firm has a market cap of $183.99 billion, a P/E ratio of 14.79, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

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

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s payout ratio is 27.85%.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of research analyst reports. JMP Securities cut their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Citigroup lowered their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a report on Monday, April 7th. Finally, Evercore ISI lowered their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 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.