Hexagon Capital Partners LLC Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Hexagon Capital Partners LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 35.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 723 shares of the investment management company’s stock after buying an additional 189 shares during the period. Hexagon Capital Partners LLC’s holdings in The Goldman Sachs Group were worth $395,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares during the period. Bank Pictet & Cie Europe AG acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $583,000. Highview Capital Management LLC DE raised its holdings in shares of The Goldman Sachs Group by 4.7% in the 4th quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company’s stock valued at $2,186,000 after buying an additional 171 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of The Goldman Sachs Group by 22.0% in the 4th quarter. Assetmark Inc. now owns 9,895 shares of the investment management company’s stock valued at $5,666,000 after buying an additional 1,787 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GS shares. JMP Securities dropped their target price on 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. Royal Bank Of Canada lowered 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 note on Tuesday, April 15th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 target price on the stock. in a research note on Friday, April 4th. Citigroup decreased their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research report on Monday, March 24th. Finally, Morgan Stanley upped their price objective on The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an “equal weight” rating in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $603.73.

The Goldman Sachs Group Trading Up 1.3%

GS opened at $725.05 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $726.00. The company has a market cap of $222.47 billion, a P/E ratio of 16.83, a PEG ratio of 0.99 and a beta of 1.35. The business’s 50-day simple moving average is $617.08 and its 200-day simple moving average is $591.89.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results 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 company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period in the prior year, the firm posted $11.58 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.66%. The Goldman Sachs Group’s dividend payout ratio is currently 27.85%.

Insiders Place Their Bets

In other news, Director John B. Hess acquired 3,904 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director owned 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is currently owned by company insiders.

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.