Breakwater Capital Group Raises Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Breakwater Capital Group raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 869 shares of the investment management company’s stock after acquiring an additional 101 shares during the quarter. Breakwater Capital Group’s holdings in The Goldman Sachs Group were worth $363,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. First United Bank & Trust purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Versant Capital Management Inc lifted its position in shares of The Goldman Sachs Group by 106.3% during the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after buying an additional 34 shares during the last quarter. Pineridge Advisors LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at $29,000. BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GS shares. 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 research report on Tuesday, April 16th. Oppenheimer upped their price target 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. Morgan Stanley reduced their price target on shares of The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating for the company in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Finally, BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research note on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $443.78.

Insider Transactions at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the 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 transaction, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction 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 approximately $82,299,679.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $452.32 on Monday. The firm has a market cap of $145.86 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 0.91 and a beta of 1.37. 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 company’s 50-day moving average is $449.86 and its two-hundred day moving average is $411.13. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $471.48.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) 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 analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $8.79 EPS. Research analysts expect that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were issued 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 2.43%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

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.