Callan Capital LLC Invests $273,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Callan Capital LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 653 shares of the investment management company’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors raised its position in shares of The Goldman Sachs Group by 6.0% in the 4th quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock worth $2,319,470,000 after acquiring an additional 338,181 shares in the last quarter. Fisher Asset Management LLC raised its holdings in The Goldman Sachs Group by 2.8% in the 4th quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after acquiring an additional 152,474 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in The Goldman Sachs Group by 0.5% in the 4th 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 acquiring an additional 27,524 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in The Goldman Sachs Group by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock valued at $1,910,897,000 after purchasing an additional 274,989 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of The Goldman Sachs Group by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 4,895,928 shares of the investment management company’s stock worth $2,044,980,000 after purchasing an additional 141,538 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GS shares. Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective on the stock in a research report on Tuesday, April 16th. Royal Bank of Canada increased their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday, April 16th. Citigroup upped their price target on shares of 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. Daiwa Capital Markets upgraded shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $410.00 to $430.00 in a research report on Thursday, March 14th. Finally, JMP Securities lifted their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $450.62.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the company’s 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 transaction, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the 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 sale, 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. 0.57% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

GS stock traded up $6.06 during midday trading on Wednesday, hitting $478.89. The company’s stock had a trading volume of 1,902,778 shares, compared to its average volume of 2,289,103. 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 12 month low of $289.36 and a 12 month high of $479.86. The company has a 50 day moving average of $455.83 and a two-hundred day moving average of $415.39. The firm has a market capitalization of $154.42 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 0.94 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same quarter in the previous year, the business earned $8.79 EPS. The Goldman Sachs Group’s revenue was up 16.1% compared to the same quarter last year. On average, analysts expect that The Goldman Sachs Group, Inc. will post 36.63 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were paid a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

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.