Powell Investment Advisors LLC Has $1.60 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Powell Investment Advisors LLC grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,838 shares of the investment management company’s stock after purchasing an additional 25 shares during the quarter. The Goldman Sachs Group makes up approximately 0.8% of Powell Investment Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Powell Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,603,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Capital World Investors lifted its holdings in shares of The Goldman Sachs Group by 6.0% during the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock worth $2,319,470,000 after buying an additional 338,181 shares in the last quarter. Morgan Stanley raised its stake in shares of The Goldman Sachs Group by 7.8% during the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after acquiring an additional 412,383 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 2.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock valued at $2,128,693,000 after purchasing an additional 152,474 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in The Goldman Sachs Group by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock valued at $2,004,153,000 after buying an additional 27,524 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of The Goldman Sachs Group by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock worth $1,910,897,000 after buying an additional 274,989 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of 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. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Up 1.4 %

The Goldman Sachs Group stock traded up $6.36 during mid-day trading on Friday, reaching $452.32. The stock had a trading volume of 3,824,275 shares, compared to its average volume of 2,300,673. The company has a 50-day moving average price of $448.04 and a two-hundred day moving average price of $409.43. The company has a market capitalization of $145.86 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 0.92 and a beta of 1.39. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $471.48. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the prior year, the firm posted $8.79 EPS. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. On average, 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 firm 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 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GS. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. HSBC increased their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Royal Bank of Canada increased their target price on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 16th. Citigroup upped their price target on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Bank of America lifted their price objective on 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $443.78.

The Goldman Sachs Group Company Profile

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.