Dumont & Blake Investment Advisors LLC Increases Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Dumont & Blake Investment Advisors LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,259 shares of the investment management company’s stock after purchasing an additional 25 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GS. Powell Investment Advisors LLC grew its stake in shares of The Goldman Sachs Group by 0.7% during the 1st quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after buying an additional 25 shares during the period. WNY Asset Management LLC increased its stake in The Goldman Sachs Group by 1.6% during the fourth quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock worth $628,000 after acquiring an additional 26 shares during the last quarter. Albert D Mason Inc. raised its holdings in shares of The Goldman Sachs Group by 4.3% in the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after purchasing an additional 27 shares during the period. Mayflower Financial Advisors LLC lifted its stake 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 purchasing an additional 28 shares in the last quarter. Finally, Avitas Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group by 0.7% during 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. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GS. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday. HSBC upped their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Royal Bank of Canada boosted their price objective on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. Citigroup increased their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, Bank of America boosted their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus target price of $443.78.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $6.36 during trading hours on Friday, reaching $452.32. The company’s stock had a trading volume of 3,839,657 shares, compared to its average volume of 1,900,364. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $471.48. The company’s 50 day simple moving average is $449.86 and its 200 day simple moving average is $410.79. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $145.86 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 0.91 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The Goldman Sachs Group’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $8.79 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were given a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Insider Activity

In related news, Director David A. Viniar sold 5,000 shares of the 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 sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the transaction, the insider now owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.