Financiere des Professionnels Fonds d investissement inc. Sells 3,355 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Financiere des Professionnels Fonds d investissement inc. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 16.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,480 shares of the investment management company's stock after selling 3,355 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in The Goldman Sachs Group were worth $9,003,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its position in The Goldman Sachs Group by 15.4% in the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after buying an additional 138,198 shares in the last quarter. Baxter Bros Inc. raised its holdings in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock valued at $8,879,000 after purchasing an additional 151 shares in the last quarter. Erste Asset Management GmbH raised its holdings in shares of The Goldman Sachs Group by 5.9% during the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock valued at $3,309,000 after purchasing an additional 320 shares in the last quarter. Clear Creek Financial Management LLC bought a new position in shares of The Goldman Sachs Group during the 1st quarter valued at $321,000. Finally, Terra Nova Asset Management LLC bought a new position in shares of The Goldman Sachs Group during the 1st quarter valued at $1,643,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on GS. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a report on Tuesday. Evercore ISI raised their price target on shares of The Goldman Sachs Group from $630.00 to $715.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen downgraded shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Finally, Citigroup lowered their target price on shares of 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. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $614.00.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded down $11.51 during trading on Tuesday, hitting $699.42. 1,919,773 shares of the company's stock traded hands, compared to its average volume of 2,399,198. 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 fifty day moving average price is $620.36 and its 200 day moving average price is $593.17. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $726.00. The company has a market cap of $214.61 billion, a PE ratio of 16.23, a PEG ratio of 0.99 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period in the previous year, the business earned $11.58 EPS. Analysts forecast 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 declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's dividend 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.