RB Capital Management LLC Increases Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

RB Capital Management LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,059 shares of the investment management company’s stock after buying an additional 146 shares during the period. RB Capital Management LLC’s holdings in The Goldman Sachs Group were worth $2,324,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Diversify Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $797,000. Pure Financial Advisors LLC grew its position in shares of The Goldman Sachs Group by 17.3% during the 4th quarter. Pure Financial Advisors LLC now owns 590 shares of the investment management company’s stock valued at $338,000 after acquiring an additional 87 shares during the period. Aspiriant LLC grew its position in shares of The Goldman Sachs Group by 5.8% during the 4th quarter. Aspiriant LLC now owns 981 shares of the investment management company’s stock valued at $562,000 after acquiring an additional 54 shares during the period. Alpha Cubed Investments LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $203,000. Finally, Perfromance Wealth Partners LLC grew its position in shares of The Goldman Sachs Group by 2.1% during the 4th quarter. Perfromance Wealth Partners LLC now owns 122,039 shares of the investment management company’s stock valued at $69,882,000 after acquiring an additional 2,539 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 2.1%

GS opened at $593.56 on Thursday. The firm has a 50-day simple moving average of $545.30 and a two-hundred day simple moving average of $580.74. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The company has a market capitalization of $182.13 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the firm earned $11.58 EPS. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

Analyst Upgrades and Downgrades

GS has been the subject of a number of recent research reports. Royal Bank of Canada cut their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 15th. JMP Securities cut their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Daiwa America downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a report on Monday, April 7th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.55% of the company’s stock.

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.