St. Johns Investment Management Company LLC Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

St. Johns Investment Management Company LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 120 shares of the investment management company’s stock, valued at approximately $50,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WNY Asset Management LLC grew its stake in The Goldman Sachs Group by 1.6% in the fourth quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock worth $628,000 after purchasing an additional 26 shares in the last quarter. Albert D Mason Inc. lifted its holdings in shares of The Goldman Sachs Group by 4.3% in the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after buying an additional 27 shares during the period. Mayflower Financial Advisors LLC grew its position in shares of The Goldman Sachs Group by 1.4% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock worth $760,000 after buying an additional 28 shares in the last quarter. Avitas Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 0.7% during the fourth quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock valued at $1,711,000 after buying an additional 29 shares during the period. Finally, Addison Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 7.5% in the fourth quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock valued at $160,000 after acquiring an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of a number of research reports. Royal Bank of Canada raised their target price 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. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. Citigroup lifted 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. Morgan Stanley dropped their price objective on The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Bank of America boosted their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Six 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 company presently has an average rating of “Moderate Buy” and an average price target of $443.78.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction that occurred on 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 in the company, valued at approximately $269,475,456.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group 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 completion of the transaction, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’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 transaction, 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. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Down 2.2 %

NYSE GS opened at $445.91 on Friday. The stock has a market cap of $143.79 billion, a P/E ratio of 17.41, a P/E/G ratio of 0.92 and a beta of 1.39. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. 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 fifty day simple moving average of $448.04 and a two-hundred day simple moving average of $409.43.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates 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 last year, the business posted $8.79 EPS. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 36.59 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were given a $2.75 dividend. The ex-dividend date was Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.47%. 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.