The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Banque Pictet & Cie SA

Banque Pictet & Cie SA lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,438 shares of the investment management company's stock after acquiring an additional 558 shares during the quarter. Banque Pictet & Cie SA's holdings in The Goldman Sachs Group were worth $7,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its position in shares of The Goldman Sachs Group by 46.9% in the first quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock valued at $38,000 after purchasing an additional 23 shares in the last quarter. GFG Capital LLC lifted its stake in shares of The Goldman Sachs Group by 11.5% in the 1st quarter. GFG Capital LLC now owns 418 shares of the investment management company's stock valued at $229,000 after acquiring an additional 43 shares during the last quarter. Linden Thomas Advisory Services LLC raised its position in The Goldman Sachs Group by 13.1% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 620 shares of the investment management company's stock valued at $339,000 after purchasing an additional 72 shares during the last quarter. Greenleaf Trust grew its holdings in shares of The Goldman Sachs Group by 0.6% during the 1st quarter. Greenleaf Trust now owns 10,795 shares of the investment management company's stock worth $5,897,000 after acquiring an additional 60 shares during the period. Finally, New Insight Wealth Advisors grew its stake in shares of The Goldman Sachs Group by 8.7% in the 1st quarter. New Insight Wealth Advisors now owns 2,365 shares of the investment management company's stock worth $1,292,000 after buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. HSBC reissued a "reduce" rating and set a $627.00 price target (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Wells Fargo & Company raised their price objective 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. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday. Barclays decreased their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Evercore ISI set a $715.00 price objective on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday. 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. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and an average price target of $614.00.

The Goldman Sachs Group Price Performance

Shares of GS traded down $5.01 during mid-day trading on Friday, hitting $704.11. 1,681,679 shares of the company were exchanged, compared to its average volume of 2,388,916. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The company has a 50 day moving average of $632.13 and a 200-day moving average of $596.59. The stock has a market cap of $216.05 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.96 and a beta of 1.35.

The 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, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the firm earned $11.58 EPS. Analysts expect 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. Shareholders of record on Friday, May 30th were given a $3.00 dividend. The ex-dividend date was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.70%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director directly owned 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.55% of the company's stock.

About The Goldman Sachs Group

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.