The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,253 shares of the investment management company's stock after acquiring an additional 21,506 shares during the period. Fifth Third Bancorp owned 0.07% of The Goldman Sachs Group worth $124,146,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Simon Quick Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 22.4% in the 1st quarter. Simon Quick Advisors LLC now owns 3,222 shares of the investment management company's stock worth $1,760,000 after acquiring an additional 589 shares during the last quarter. Zhang Financial LLC lifted its holdings in shares of The Goldman Sachs Group by 23.9% in the 1st quarter. Zhang Financial LLC now owns 5,752 shares of the investment management company's stock worth $3,143,000 after acquiring an additional 1,111 shares during the last quarter. Trinity Financial Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 1,169.0% in the 1st quarter. Trinity Financial Advisors LLC now owns 7,500 shares of the investment management company's stock worth $4,097,000 after acquiring an additional 6,909 shares during the last quarter. Transform Wealth LLC lifted its holdings in shares of The Goldman Sachs Group by 14.6% in the 1st quarter. Transform Wealth LLC now owns 38,187 shares of the investment management company's stock worth $20,861,000 after acquiring an additional 4,864 shares during the last quarter. Finally, Northeast Investment Management lifted its holdings in shares of The Goldman Sachs Group by 5.8% in the 1st quarter. Northeast Investment Management now owns 42,457 shares of the investment management company's stock worth $23,194,000 after acquiring an additional 2,312 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were 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 now owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Up 0.2%

NYSE:GS traded up $1.02 during midday trading on Thursday, hitting $625.19. 1,632,468 shares of the company were exchanged, compared to its average volume of 2,370,710. The company has a fifty day simple moving average of $561.88 and a 200 day simple moving average of $583.31. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $191.83 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32.

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 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period last year, the business earned $11.58 EPS. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GS. Barclays decreased their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. 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. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased 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 research report on Thursday, April 3rd. Finally, JMP Securities decreased their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $593.40.

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.