Miracle Mile Advisors LLC Has $2.40 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Miracle Mile Advisors LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,754 shares of the investment management company’s stock after buying an additional 58 shares during the quarter. Miracle Mile Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Powell Investment Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 0.7% during the first quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after acquiring an additional 25 shares during the period. Dumont & Blake Investment Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 1.1% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock valued at $944,000 after acquiring an additional 25 shares during the period. Optas LLC lifted its stake in shares of The Goldman Sachs Group by 2.4% during the first quarter. Optas LLC now owns 1,072 shares of the investment management company’s stock valued at $448,000 after acquiring an additional 25 shares during the period. WNY Asset Management LLC lifted its stake in shares of The Goldman Sachs Group by 1.6% during the fourth quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock valued at $628,000 after acquiring an additional 26 shares during the period. Finally, Albert D Mason Inc. lifted its stake in shares of The Goldman Sachs Group by 4.3% during the fourth quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after acquiring an additional 27 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on GS. BMO Capital Markets upped their price target on 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. Wells Fargo & Company increased their price target on The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Bank of America increased their price objective on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their price target for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. Finally, HSBC raised their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $443.78.

Insider Activity

In other news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group 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 in the company, valued at approximately $269,475,456.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the sale, the insider now owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the business’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 sale, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $463.66 on Tuesday. The stock has a market capitalization of $149.51 billion, a PE ratio of 18.10, a P/E/G ratio of 0.91 and a beta of 1.37. 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 business has a fifty day moving average price of $449.86 and a two-hundred day moving average price of $411.13. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $471.48.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the previous year, the firm earned $8.79 EPS. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 36.59 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid a $2.75 dividend. The ex-dividend date was Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.37%. The Goldman Sachs Group’s payout ratio 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.