Calamos Advisors LLC Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Calamos Advisors LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,506 shares of the investment management company's stock after purchasing an additional 2,609 shares during the period. Calamos Advisors LLC's holdings in The Goldman Sachs Group were worth $84,405,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of The Goldman Sachs Group by 63,864.7% in 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 position in The Goldman Sachs Group in the first quarter valued at about $1,766,238,000. Norges Bank purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $1,603,315,000. Castlekeep Investment Advisors LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $944,334,000. Finally, Raymond James Financial Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $624,844,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on GS. Wall Street Zen downgraded The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Wells Fargo & Company dropped their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. JMP Securities dropped their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Finally, Evercore ISI raised their price objective on shares of The Goldman Sachs Group from $630.00 to $715.00 and gave the stock an "outperform" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $603.73.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess purchased 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 price 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 of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Up 1.3%

The Goldman Sachs Group stock traded up $9.16 during trading on Friday, reaching $725.05. 1,502,041 shares of the company's stock were exchanged, compared to its average volume of 2,399,044. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $726.00. The company's 50-day moving average is $617.08 and its two-hundred day moving average is $591.89. 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 firm has a market cap of $222.47 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.99 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same quarter in the prior year, the business earned $11.58 EPS. On average, 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 company also recently disclosed 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 of this dividend was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.66%. The Goldman Sachs Group's payout ratio is currently 27.85%.

The Goldman Sachs Group Company 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.