The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 0.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 92,123 shares of the investment management company's stock after purchasing an additional 582 shares during the period. Arizona State Retirement System's holdings in The Goldman Sachs Group were worth $50,326,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GS. American Capital Advisory LLC bought a new position in shares of The Goldman Sachs Group in the 1st quarter worth approximately $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $30,000. Godsey & Gibb Inc. lifted its stake in shares of The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after purchasing an additional 34 shares during the period. Transce3nd LLC bought a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Finally, Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Institutional investors own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred 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 acquisition, the director owned 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Down 0.7%

Shares of NYSE GS traded down $5.01 during midday trading on Friday, hitting $704.11. 1,681,679 shares of the company's stock were exchanged, compared to its average volume of 2,388,916. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $726.00. The company has a market cap of $216.05 billion, a PE ratio of 16.34, a P/E/G ratio of 0.96 and a beta of 1.35. The firm's fifty day simple moving average is $632.13 and its 200-day simple moving average is $596.59.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same period last year, the business posted $11.58 EPS. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a $3.00 dividend. The ex-dividend date was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.70%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Analysts Set New Price Targets

GS has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday. Citigroup decreased their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Barclays cut their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $614.00.

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.