Baird Financial Group Inc. Has $63.49 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Baird Financial Group Inc. raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,871 shares of the investment management company's stock after purchasing an additional 5,877 shares during the quarter. Baird Financial Group Inc.'s holdings in The Goldman Sachs Group were worth $63,487,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in The Goldman Sachs Group by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 364,276 shares of the investment management company's stock worth $180,357,000 after buying an additional 7,644 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of The Goldman Sachs Group by 30.3% during the 4th quarter. Nordea Investment Management AB now owns 213,605 shares of the investment management company's stock worth $122,453,000 after purchasing an additional 49,710 shares in the last quarter. Neville Rodie & Shaw Inc. boosted its holdings in shares of The Goldman Sachs Group by 12.1% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 6,594 shares of the investment management company's stock valued at $3,776,000 after buying an additional 710 shares during the last quarter. Bank of New Hampshire grew its stake in shares of The Goldman Sachs Group by 8.0% in the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company's stock valued at $139,000 after buying an additional 18 shares in the last quarter. Finally, Moller Wealth Partners acquired a new position in The Goldman Sachs Group during the fourth quarter worth $207,000. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GS has been the subject of a number of analyst reports. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. Citigroup reduced their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Evercore ISI dropped their price objective on 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. JMP Securities reduced their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $593.40.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded up $14.28 during trading on Thursday, reaching $566.20. 1,993,514 shares of the company traded hands, compared to its average volume of 2,375,818. The firm has a market capitalization of $176.68 billion, a PE ratio of 13.96, 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 quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company's 50 day moving average is $536.95 and its two-hundred day moving average is $575.31.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion during the quarter, compared to analysts' expectations 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 quarter in the prior year, the business posted $11.58 earnings per share. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.12%. The Goldman Sachs Group's payout ratio is presently 27.85%.

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.