Little House Capital LLC Grows Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Little House Capital LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 35.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,383 shares of the investment management company’s stock after buying an additional 2,959 shares during the quarter. The Goldman Sachs Group accounts for 1.6% of Little House Capital LLC’s holdings, making the stock its 20th largest holding. Little House Capital LLC’s holdings in The Goldman Sachs Group were worth $4,754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GS. First United Bank & Trust purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $26,000. Versant Capital Management Inc grew its stake in The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Pineridge Advisors LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth about $29,000. BKM Wealth Management LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at about $32,000. Finally, Signature Resources Capital Management LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $39,000. Institutional investors own 71.21% of the company’s stock.

Insider Activity

In related 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 transaction, the insider now owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director David A. Viniar sold 5,000 shares of the 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 completion of the sale, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Argus raised 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. Morgan Stanley decreased their price target on The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating for the company in a research note on Thursday. HSBC boosted their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. JMP Securities increased their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Finally, Oppenheimer boosted their target price on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $443.78.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $9.34 during mid-day trading on Monday, reaching $461.66. 1,224,349 shares of the stock were exchanged, compared to its average volume of 2,292,196. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $471.48. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74. The business’s 50 day moving average is $449.86 and its 200-day moving average is $411.13. The company has a market capitalization of $148.87 billion, a P/E ratio of 18.04, a P/E/G ratio of 0.91 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last posted its 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 firm had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm earned $8.79 EPS. On average, equities research 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 firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

The Goldman Sachs Group 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.