Evolution Wealth Advisors LLC Acquires New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Evolution Wealth Advisors LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 765 shares of the investment management company’s stock, valued at approximately $320,000.

Several other large investors also recently bought and sold shares of the business. First United Bank & Trust acquired a new position in The Goldman Sachs Group in the 4th quarter valued at about $26,000. Versant Capital Management Inc lifted its holdings in shares of The Goldman Sachs Group by 106.3% in the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after acquiring an additional 34 shares during the last quarter. Pineridge Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $29,000. BKM Wealth Management LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $32,000. Finally, Tributary Capital Management LLC acquired a new position in shares of The Goldman Sachs Group in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction dated 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 owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GS. Evercore ISI increased their target price on shares of The Goldman Sachs Group from $440.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday. Oppenheimer increased their price objective on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective on the stock in a research 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 research report on Tuesday, April 16th. Finally, Bank of America increased their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $445.62.

The Goldman Sachs Group Stock Up 0.5 %

GS traded up $2.31 during trading on Wednesday, hitting $467.92. The company had a trading volume of 992,411 shares, compared to its average volume of 2,280,587. The company has a market cap of $150.89 billion, a PE ratio of 18.25, a P/E/G ratio of 0.91 and a beta of 1.37. The business has a 50-day moving average of $451.62 and a 200-day moving average of $412.29. 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 Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $471.48.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the prior year, the company posted $8.79 earnings per share. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 36.49 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were paid a dividend of $2.75 per share. The ex-dividend date was Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.35%. The Goldman Sachs Group’s payout ratio is 42.95%.

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.