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Easterly Investment Partners LLC Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

The Goldman Sachs Group logo with Finance background

Easterly Investment Partners LLC increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,090 shares of the investment management company's stock after purchasing an additional 536 shares during the quarter. Easterly Investment Partners LLC's holdings in The Goldman Sachs Group were worth $10,975,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after acquiring an additional 3,970,467 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth $1,766,238,000. Norges Bank acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $1,603,315,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $944,334,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of The Goldman Sachs Group by 214.1% during the fourth 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 during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on GS. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. JMP Securities restated a "market perform" rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday. JPMorgan Chase & Co. reduced their price target on shares of 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. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday. Finally, Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus price target of $630.87.

Get Our Latest Analysis on GS

The Goldman Sachs Group Stock Down 0.3%

Shares of GS traded down $2.20 during trading hours on Thursday, reaching $706.62. 2,043,921 shares of the stock traded hands, compared to its average volume of 2,370,571. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26. The stock has a fifty day simple moving average of $641.38 and a 200 day simple moving average of $599.03. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $726.00. The company has a market cap of $216.82 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.97 and a beta of 1.35.

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

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a $4.00 dividend. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.26%. The Goldman Sachs Group's payout ratio is currently 27.85%.

The Goldman Sachs Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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