PDS Planning Inc Raises Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

PDS Planning Inc raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,550 shares of the investment management company’s stock after purchasing an additional 127 shares during the period. PDS Planning Inc’s holdings in The Goldman Sachs Group were worth $847,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter worth about $30,000. Godsey & Gibb Inc. raised its stake in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 34 shares during the period. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $31,000. Mascagni Wealth Management Inc. purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $31,000. Finally, Whipplewood Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.2%

Shares of The Goldman Sachs Group stock opened at $669.87 on Thursday. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.25. The firm has a market capitalization of $205.54 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 0.90 and a beta of 1.32. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The stock’s fifty day moving average is $591.14 and its 200-day moving average is $585.75.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The business 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 11.86% and a return on equity of 13.76%. During the same quarter in the prior year, the firm earned $11.58 EPS. 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s payout ratio is 27.85%.

Analysts Set New Price Targets

Several brokerages have recently commented on GS. Wells Fargo & Company decreased their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. 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 on the stock in a research note on Thursday, April 3rd. Daiwa America downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Wall Street Zen downgraded The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Finally, JMP Securities reduced their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $595.67.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director now owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Company 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.