AMG National Trust Bank Acquires Shares of 409 The Goldman Sachs Group, Inc. (NYSE:GS)

AMG National Trust Bank bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 409 shares of the investment management company's stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GS. GAMMA Investing LLC grew its position in shares of The Goldman Sachs Group by 63,864.7% during the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after purchasing an additional 3,970,467 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in The Goldman Sachs Group in the first quarter worth approximately $1,766,238,000. Norges Bank bought a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $1,603,315,000. Castlekeep Investment Advisors LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at $944,334,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of The Goldman Sachs Group by 214.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,294,084 shares of the investment management company's stock worth $741,018,000 after buying an additional 882,099 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GS shares. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Keefe, Bruyette & Woods raised their target price on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a report on Thursday, July 17th. JMP Securities reaffirmed a "market perform" rating and set a $600.00 price target on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, Citigroup upped their price target on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $660.00.

The Goldman Sachs Group Stock Down 0.7%

Shares of NYSE GS traded down $4.96 during trading hours on Tuesday, hitting $701.04. The company had a trading volume of 1,978,479 shares, compared to its average volume of 2,363,340. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. The firm's 50 day moving average is $647.01 and its 200-day moving average is $601.27. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $215.11 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 0.94 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate of $9.82 by $1.09. The business had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The business's revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.62 earnings per share. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be issued a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.28%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 26.44%.

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.