The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Increased by Selway Asset Management

Selway Asset Management increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 23.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,045 shares of the investment management company's stock after purchasing an additional 575 shares during the quarter. Selway Asset Management's holdings in The Goldman Sachs Group were worth $1,663,000 at the end of the most recent quarter.Why Dollar General May Be Retail’s Most Undervalued ReboundA number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC raised its holdings in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after acquiring an additional 508 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $32,815,000. Revolve Wealth Partners LLC raised its holdings in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after acquiring an additional 58 shares during the period. Chicago Partners Investment Group LLC raised its holdings in shares of The Goldman Sachs Group by 80.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 2,193 shares of the investment management company's stock valued at $1,272,000 after acquiring an additional 981 shares during the period. Finally, Spire Wealth Management raised its holdings in shares of The Goldman Sachs Group by 3.6% during the fourth quarter. Spire Wealth Management now owns 5,087 shares of the investment management company's stock valued at $2,913,000 after acquiring an additional 179 shares during the period. 71.21% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast GrowthGS has been the topic of a number of recent analyst reports. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Barclays dropped their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a research note on Friday, April 4th. JMP Securities dropped their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Evercore ISI dropped their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $593.40.Microsoft's Outlook Brightens as Analysts Boost Bullish RatingsCheck Out Our Latest Research Report on GSThe Goldman Sachs Group Price PerformanceNYSE:GS opened at $598.50 on Tuesday. The company has a 50-day moving average of $551.19 and a 200-day moving average of $582.20. The company has a market capitalization of $183.65 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. Lyft: Profitability Milestone and Buyback Fuel Investor OptimismThe Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period last year, the firm earned $11.58 EPS. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year. The Goldman Sachs Group Announces DividendThe firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%. Insider Transactions at The Goldman Sachs GroupIn other news, Director John B. Hess bought 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.55% of the stock is owned by insiders. The Goldman Sachs Group Profile (Free Report)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.Further ReadingFive stocks we like better than The Goldman Sachs GroupHow to trade penny stocks: A step-by-step guideUlta’s Beautiful Q1 Earnings Report Points to More Gains AheadWhat is MarketRank™? How to Use itTop 3 ETFs Defense Hawks Are BuyingWhat to Know About Investing in Penny StocksZscaler Will Hit $360 Soon: Here’s the How and WhyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in The Goldman Sachs Group Right Now?Before you consider The Goldman Sachs Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Goldman Sachs Group wasn't on the list.While The Goldman Sachs Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here