Dumont & Blake Investment Advisors LLC Purchases 25 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Dumont & Blake Investment Advisors LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% in the first quarter, HoldingsChannel.com reports. The firm owned 2,259 shares of the investment management company’s stock after acquiring an additional 25 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GS. Morningstar Investment Services LLC bought a new position in shares of The Goldman Sachs Group during the third quarter valued at $350,000. Rehmann Capital Advisory Group grew its holdings in The Goldman Sachs Group by 1.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,865 shares of the investment management company’s stock worth $927,000 after acquiring an additional 54 shares during the last quarter. First Dallas Securities Inc. raised its stake in shares of The Goldman Sachs Group by 286.0% in the third quarter. First Dallas Securities Inc. now owns 4,562 shares of the investment management company’s stock worth $1,476,000 after acquiring an additional 3,380 shares during the last quarter. Waverly Advisors LLC grew its stake in shares of The Goldman Sachs Group by 60.6% during the third quarter. Waverly Advisors LLC now owns 4,703 shares of the investment management company’s stock valued at $1,522,000 after purchasing an additional 1,775 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of The Goldman Sachs Group by 4.1% in the third quarter. Lazard Asset Management LLC now owns 683,923 shares of the investment management company’s stock valued at $221,295,000 after purchasing an additional 26,768 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup raised their price target on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Royal Bank of Canada increased their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday, April 16th. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. Morgan Stanley cut their price target on The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, JMP Securities raised their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $443.78.

Insider Buying and Selling

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the insider now owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 1.4 %

GS traded up $6.36 during trading on Friday, reaching $452.32. The company had a trading volume of 3,839,657 shares, compared to its average volume of 1,900,364. The company has a market cap of $145.86 billion, a P/E ratio of 17.66, a PEG ratio of 0.91 and a beta of 1.39. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $471.48. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The business’s fifty day moving average price is $449.86 and its 200 day moving average price is $410.79.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.79 EPS. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were given a dividend of $2.75 per share. The ex-dividend date was Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.43%. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

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.