The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by EULAV Asset Management

EULAV Asset Management boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 31.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,500 shares of the investment management company's stock after acquiring an additional 2,250 shares during the period. EULAV Asset Management's holdings in The Goldman Sachs Group were worth $5,190,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its stake in shares of The Goldman Sachs Group by 81.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 22,058 shares of the investment management company's stock worth $12,050,000 after acquiring an additional 9,922 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 43.9% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 6,871 shares of the investment management company's stock worth $3,753,000 after acquiring an additional 2,097 shares in the last quarter. Richard Bernstein Advisors LLC purchased a new stake in The Goldman Sachs Group in the 1st quarter valued at approximately $2,670,000. Raleigh Capital Management Inc. purchased a new stake in The Goldman Sachs Group in the 1st quarter valued at approximately $205,000. Finally, Callan Capital LLC lifted its stake in The Goldman Sachs Group by 5.0% in the 1st quarter. Callan Capital LLC now owns 1,006 shares of the investment management company's stock valued at $549,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Down 1.8%

NYSE GS traded down $13.10 during trading hours on Monday, hitting $710.58. The company had a trading volume of 2,862,335 shares, compared to its average volume of 2,400,899. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $726.00. The company has a market capitalization of $218.03 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 0.99 and a beta of 1.35. 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 firm's 50 day moving average is $617.08 and its 200 day moving average is $592.16.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) 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 firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the firm earned $11.58 EPS. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were paid a dividend of $3.00 per share. The ex-dividend date was Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.69%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Analysts Set New Price Targets

A number of research firms recently issued reports on GS. Evercore ISI upped their target price on The Goldman Sachs Group from $630.00 to $715.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Citigroup reduced their target price on 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. JMP Securities reduced their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and a consensus price target of $603.73.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director directly owned 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by corporate insiders.

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.