Malaga Cove Capital LLC Buys 666 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Malaga Cove Capital LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 19.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,172 shares of the investment management company’s stock after purchasing an additional 666 shares during the quarter. Malaga Cove Capital LLC’s holdings in The Goldman Sachs Group were worth $1,609,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cambridge Trust Co. increased its position in shares of The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. Truvestments Capital LLC boosted its position in shares of The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 44 shares during the last quarter. BKM Wealth Management LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $32,000. Wetzel Investment Advisors Inc. bought a new position in The Goldman Sachs Group in the fourth quarter valued at $42,000. Finally, CNB Bank boosted its holdings in shares of The Goldman Sachs Group by 55.7% in the 3rd quarter. CNB Bank now owns 165 shares of the investment management company’s stock worth $53,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. Insiders sold a total of 29,330 shares of company stock valued at $11,713,578 over the last 90 days. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE GS traded up $5.61 during trading on Friday, hitting $438.18. 2,406,445 shares of the stock traded hands, compared to its average volume of 2,599,859. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $442.30. The firm has a 50-day simple moving average of $404.59 and a 200-day simple moving average of $374.23. The company has a market capitalization of $142.20 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm posted $8.79 EPS. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GS shares. Citigroup raised their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Bank of America upped their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Evercore ISI increased their price target on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note 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 price target for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $437.04.

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.