CWC Advisors LLC. Has $2.87 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

CWC Advisors LLC. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 44.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,246 shares of the investment management company’s stock after buying an additional 1,613 shares during the period. The Goldman Sachs Group makes up approximately 1.6% of CWC Advisors LLC.’s investment portfolio, making the stock its 19th largest position. CWC Advisors LLC.’s holdings in The Goldman Sachs Group were worth $2,866,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of The Goldman Sachs Group by 63,864.7% in the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock worth $2,172,423,000 after acquiring an additional 3,970,467 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group in the first quarter valued at approximately $1,766,238,000. Norges Bank bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $1,603,315,000. Castlekeep Investment Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $944,334,000. Finally, Raymond James Financial Inc. bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $624,844,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Up 0.5%

Shares of NYSE:GS opened at $690.75 on Friday. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $694.20. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The business’s 50-day moving average is $598.32 and its 200-day moving average is $587.13. The company has a market capitalization of $211.95 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 0.94 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period in the previous year, the company posted $11.58 earnings per share. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.85%.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GS. Barclays lowered their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Royal Bank Of Canada lowered their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 15th. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an “equal weight” rating in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $595.67.

About The Goldman Sachs Group

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.