Opinicus Capital Inc. Has $625,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Opinicus Capital Inc. lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,144 shares of the investment management company’s stock after selling 73 shares during the period. Opinicus Capital Inc.’s holdings in The Goldman Sachs Group were worth $625,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock worth $2,172,423,000 after buying an additional 3,970,467 shares in the last quarter. Norges Bank acquired a new position in The Goldman Sachs Group during the 4th quarter valued at about $1,603,315,000. Castlekeep Investment Advisors LLC bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $944,334,000. Raymond James Financial Inc. bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth $624,844,000. Finally, Proficio Capital Partners LLC increased its stake in shares of The Goldman Sachs Group by 14,007.0% in the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock valued at $606,815,000 after acquiring an additional 1,052,204 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

GS stock opened at $625.19 on Friday. The company has a market capitalization of $191.83 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The company’s fifty day moving average price is $565.10 and its 200-day moving average price is $583.47. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter in the previous year, the business posted $11.58 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s payout ratio is currently 27.85%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GS. Oppenheimer downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Evercore ISI decreased their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Daiwa Capital Markets downgraded The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research report on Friday, April 4th. Citigroup dropped their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Finally, Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $593.40.

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.