Northeast Financial Consultants Inc increased its stake in Goldman Sachs Group Inc (NYSE:GS) by 12.5% in the 1st quarter, Holdings Channel reports. The firm owned 11,886 shares of the investment management company’s stock after acquiring an additional 1,317 shares during the period. Northeast Financial Consultants Inc’s holdings in Goldman Sachs Group were worth $2,282,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GS. Savant Capital LLC increased its position in shares of Goldman Sachs Group by 3.0% in the 1st quarter. Savant Capital LLC now owns 1,731 shares of the investment management company’s stock valued at $332,000 after buying an additional 50 shares in the last quarter. Wall Street Access Asset Management LLC increased its position in shares of Goldman Sachs Group by 2.9% in the 4th quarter. Wall Street Access Asset Management LLC now owns 1,818 shares of the investment management company’s stock valued at $304,000 after buying an additional 51 shares in the last quarter. Telos Capital Management Inc. increased its position in shares of Goldman Sachs Group by 2.6% in the 1st quarter. Telos Capital Management Inc. now owns 2,020 shares of the investment management company’s stock valued at $388,000 after buying an additional 52 shares in the last quarter. NBT Bank N A NY increased its position in shares of Goldman Sachs Group by 0.6% in the 1st quarter. NBT Bank N A NY now owns 8,610 shares of the investment management company’s stock valued at $1,653,000 after buying an additional 53 shares in the last quarter. Finally, First American Trust FSB increased its position in shares of Goldman Sachs Group by 0.3% in the 1st quarter. First American Trust FSB now owns 17,817 shares of the investment management company’s stock valued at $3,421,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Shares of Goldman Sachs Group stock traded down $3.88 during trading hours on Wednesday, reaching $190.85. 115,278 shares of the company’s stock were exchanged, compared to its average volume of 2,987,717. Goldman Sachs Group Inc has a fifty-two week low of $151.70 and a fifty-two week high of $245.08. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $71.02 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 1.22 and a beta of 1.27.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $5.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.74 by $0.97. The company had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.89 billion. Goldman Sachs Group had a net margin of 25.13% and a return on equity of 12.79%. Goldman Sachs Group’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.95 EPS. As a group, sell-side analysts expect that Goldman Sachs Group Inc will post 23.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.78%. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, May 29th. Goldman Sachs Group’s dividend payout ratio is presently 13.45%.

A number of analysts recently commented on GS shares. BMO Capital Markets lowered their price objective on shares of Goldman Sachs Group from $262.00 to $260.00 and set a “market perform” rating for the company in a research report on Tuesday, April 16th. Zacks Investment Research raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine lowered shares of Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a research note on Friday, March 1st. Morgan Stanley increased their price objective on shares of Goldman Sachs Group from $207.00 to $218.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Finally, Oppenheimer increased their price objective on shares of Goldman Sachs Group from $302.00 to $312.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $239.91.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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