McLaughlin Asset Management Inc. Makes New Investment in The Goldman Sachs Group, Inc. $GS

McLaughlin Asset Management Inc. purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,427 shares of the investment management company’s stock, valued at approximately $1,254,000. The Goldman Sachs Group makes up 1.1% of McLaughlin Asset Management Inc.’s investment portfolio, making the stock its 25th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in GS. Dagco Inc. acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $25,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Manning & Napier Advisors LLC increased its stake in The Goldman Sachs Group by 287.5% during the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Finally, Cornerstone Financial Management LLC bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $33,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $1,099.46 on Friday. The stock has a market cap of $324.35 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.41 and a beta of 1.30. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.63 and a quick ratio of 0.63. The company has a fifty day moving average price of $975.46 and a two-hundred day moving average price of $918.48. The Goldman Sachs Group, Inc. has a one year low of $630.01 and a one year high of $1,125.00.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The company had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. During the same period in the previous year, the company posted $14.12 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 59.6 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be issued a dividend of $4.50 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $18.00 annualized dividend and a dividend yield of 1.6%. The Goldman Sachs Group’s payout ratio is presently 32.89%.

Wall Street Analyst Weigh In

Several research firms recently commented on GS. HSBC boosted their price objective on shares of The Goldman Sachs Group from $729.00 to $765.00 in a research report on Monday, May 4th. Daiwa Securities Group lifted their price target on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada restated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. BMO Capital Markets increased their price objective on The Goldman Sachs Group from $905.00 to $972.00 and gave the stock a “market perform” rating in a report on Monday, April 20th. Finally, Evercore dropped their target price on The Goldman Sachs Group from $1,075.00 to $950.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Nine investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $941.82.

Read Our Latest Analysis on The Goldman Sachs Group

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

Insider Activity at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total value of $13,421,188.44. Following the transaction, the insider owned 15,657 shares in the company, valued at approximately $14,703,018.99. This represents a 47.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, the chief financial officer owned 31,070 shares of the company’s stock, valued at $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,681 shares of company stock worth $31,737,875 in the last quarter. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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