DekaBank Deutsche Girozentrale Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

DekaBank Deutsche Girozentrale increased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 27.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,710 shares of the investment management company's stock after acquiring an additional 40,888 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.06% of The Goldman Sachs Group worth $100,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Curio Wealth LLC purchased a new position in The Goldman Sachs Group in the fourth quarter worth approximately $30,000. Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter valued at $31,000. American Capital Advisory LLC acquired a new stake in The Goldman Sachs Group in the first quarter valued at $29,000. Transce3nd LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $31,000. Finally, Godsey & Gibb Inc. raised its stake in The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after buying an additional 34 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director directly owned 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GS shares. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday. JPMorgan Chase & Co. cut their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Wells Fargo & Company upped their price target on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $614.00.

The Goldman Sachs Group Trading Down 0.7%

Shares of GS stock traded down $5.01 during mid-day trading on Friday, hitting $704.11. The company's stock had a trading volume of 1,681,679 shares, compared to its average volume of 2,388,916. 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's fifty day simple moving average is $632.13 and its 200-day simple moving average is $596.48. 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 Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter in the previous year, the firm posted $11.58 EPS. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors 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 annualized dividend and a yield of 1.70%. The Goldman Sachs Group's dividend payout ratio (DPR) 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.