The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by AlphaMark Advisors LLC

AlphaMark Advisors LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,583 shares of the investment management company’s stock after acquiring an additional 91 shares during the quarter. The Goldman Sachs Group comprises about 0.7% of AlphaMark Advisors LLC’s investment portfolio, making the stock its 27th largest holding. AlphaMark Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in The Goldman Sachs Group by 13.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock worth $64,291,000 after purchasing an additional 20,018 shares during the period. HTLF Bank acquired a new stake in The Goldman Sachs Group in the fourth quarter worth about $850,000. Apexium Financial LP lifted its holdings in The Goldman Sachs Group by 7.1% in the fourth quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock worth $2,188,000 after purchasing an additional 378 shares during the period. Wealth Alliance lifted its holdings in The Goldman Sachs Group by 17.3% in the fourth quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock worth $399,000 after purchasing an additional 153 shares during the period. Finally, Trueblood Wealth Management LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter worth about $989,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GS shares. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target for the company in a report on Tuesday, April 16th. Bank of America upped their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Citigroup upped their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Evercore ISI upped their price target on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $443.78.

The Goldman Sachs Group Stock Up 2.5 %

Shares of GS traded up $11.34 during trading hours on Monday, reaching $463.66. The company’s stock had a trading volume of 1,839,632 shares, compared to its average volume of 2,297,199. The firm has a market cap of $149.51 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 0.91 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $471.48. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The company has a 50 day moving average of $449.86 and a two-hundred day moving average of $411.13.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.79 EPS. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were paid a $2.75 dividend. The ex-dividend date was Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.37%. The Goldman Sachs Group’s payout ratio is 42.95%.

Insider Activity at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

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.