Chapin Davis Inc. Buys 42 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Chapin Davis Inc. grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 6,290 shares of the investment management company’s stock after acquiring an additional 42 shares during the period. The Goldman Sachs Group accounts for approximately 1.0% of Chapin Davis Inc.’s investment portfolio, making the stock its 23rd biggest position. Chapin Davis Inc.’s holdings in The Goldman Sachs Group were worth $2,627,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. First United Bank & Trust acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $26,000. Versant Capital Management Inc lifted its holdings in 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 buying an additional 34 shares during the period. Pineridge Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $29,000. BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $32,000. Finally, Signature Resources Capital Management LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $39,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.6 %

Shares of GS opened at $455.25 on Monday. The business’s 50-day moving average price is $449.86 and its 200-day moving average price is $411.13. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $471.48. The stock has a market cap of $146.80 billion, a PE ratio of 17.66, a P/E/G ratio of 0.91 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same period in the previous year, the business earned $8.79 EPS. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were given a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The transaction was disclosed in a legal 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 company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a research report on Tuesday, April 16th. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Finally, HSBC boosted their target price on 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. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $443.78.

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.