Lee Danner & Bass Inc. Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Lee Danner & Bass Inc. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,168 shares of the investment management company’s stock after purchasing an additional 121 shares during the period. The Goldman Sachs Group makes up 1.6% of Lee Danner & Bass Inc.’s holdings, making the stock its 11th biggest holding. Lee Danner & Bass Inc.’s holdings in The Goldman Sachs Group were worth $20,305,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GS. Riggs Asset Managment Co. Inc. raised its stake in shares of The Goldman Sachs Group by 0.7% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 10,106 shares of the investment management company’s stock valued at $5,521,000 after acquiring an additional 67 shares during the period. Sharp Financial Services LLC raised its stake in shares of The Goldman Sachs Group by 41.3% in the 1st quarter. Sharp Financial Services LLC now owns 640 shares of the investment management company’s stock valued at $350,000 after acquiring an additional 187 shares during the period. Adell Harriman & Carpenter Inc. raised its stake in shares of The Goldman Sachs Group by 0.9% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 21,737 shares of the investment management company’s stock valued at $11,875,000 after acquiring an additional 200 shares during the period. Braun Stacey Associates Inc. raised its stake in shares of The Goldman Sachs Group by 14.3% in the 1st quarter. Braun Stacey Associates Inc. now owns 7,646 shares of the investment management company’s stock valued at $4,177,000 after acquiring an additional 957 shares during the period. Finally, HM Payson & Co. raised its stake in shares of The Goldman Sachs Group by 21.4% in the 1st quarter. HM Payson & Co. now owns 340 shares of the investment management company’s stock valued at $186,000 after acquiring an additional 60 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GS. Barclays reduced their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Evercore ISI boosted their price target on shares of The Goldman Sachs Group from $630.00 to $715.00 and gave the company an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. 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 for the company. in a report on Friday, April 4th. Finally, Citigroup dropped their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $603.73.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $725.05 on Friday. The company has a market cap of $222.47 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $726.00. 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 company has a 50-day simple moving average of $617.08 and a 200-day simple moving average of $591.89.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the previous year, the firm earned $11.58 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a dividend of $3.00 per share. The ex-dividend date was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.66%. The Goldman Sachs Group’s dividend payout ratio is currently 27.85%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director directly owned 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is owned by company insiders.

About The Goldman Sachs Group

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.