Alpha Cubed Investments LLC Makes New $206,000 Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Alpha Cubed Investments LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 4th quarter, HoldingsChannel reports. The firm bought 535 shares of the investment management company’s stock, valued at approximately $206,000.

Other hedge funds have also modified their holdings of the company. Albert D Mason Inc. lifted its stake in 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 buying an additional 27 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in shares of The Goldman Sachs Group by 1.4% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after acquiring an additional 28 shares in the last quarter. Avitas Wealth Management LLC boosted its stake in The Goldman Sachs Group by 0.7% in the 4th quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock worth $1,711,000 after purchasing an additional 29 shares during the period. Addison Advisors LLC grew its position in The Goldman Sachs Group by 7.5% during the 4th quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock worth $160,000 after purchasing an additional 29 shares in the last quarter. Finally, Samalin Investment Counsel LLC raised its stake in The Goldman Sachs Group by 3.5% during the 3rd quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock valued at $289,000 after purchasing an additional 30 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GS shares. Keefe, Bruyette & Woods lifted their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Oppenheimer upped their price objective on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup boosted 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 report on Tuesday, April 16th. HSBC lifted their price objective on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, UBS Group raised their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $437.04.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders sold a total of 29,330 shares of company stock worth $11,713,578 over the last quarter. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Down 0.0 %

Shares of GS stock opened at $426.54 on Thursday. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $433.43. The firm has a market cap of $138.43 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.35 and a beta of 1.40. The stock has a 50 day moving average of $402.81 and a 200-day moving average of $372.96. 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 (NYSE:GS) last released its quarterly earnings data 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 business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $8.79 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.58%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 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.