Crewe Advisors LLC Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Crewe Advisors LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 354 shares of the investment management company’s stock, valued at approximately $148,000.

Other large investors have also recently made changes to their positions in the company. First Personal Financial Services purchased a new stake in shares of The Goldman Sachs Group during the first quarter valued at $25,000. First United Bank & Trust acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $26,000. Versant Capital Management Inc raised its position in shares of The Goldman Sachs Group by 106.3% during the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after purchasing an additional 34 shares during the last quarter. Pineridge Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $29,000. Finally, BKM Wealth Management LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $32,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GS shares. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Oppenheimer upped their price objective on shares of The Goldman Sachs Group from $504.00 to $559.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $475.00 to $513.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $461.00 to $464.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Finally, JMP Securities increased their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $484.59.

The Goldman Sachs Group Stock Up 1.0 %

NYSE:GS traded up $5.01 during midday trading on Thursday, hitting $491.71. 1,470,742 shares of the company were exchanged, compared to its average volume of 2,314,167. The company has a fifty day simple moving average of $465.42 and a 200 day simple moving average of $423.65. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $509.48. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. The company has a market capitalization of $158.56 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.00 and a beta of 1.37.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a dividend of $3.00 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’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 transaction, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. Insiders have sold 4,018,500 shares of company stock worth $34,342,615 in the last ninety days. 0.54% of the stock is owned by corporate 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.