First Pacific Financial Sells 659 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

First Pacific Financial lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 21.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,443 shares of the investment management company's stock after selling 659 shares during the period. First Pacific Financial's holdings in The Goldman Sachs Group were worth $1,335,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GS. Deutsche Bank AG increased 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 valued at $594,412,000 after acquiring an additional 138,198 shares during the period. Baxter Bros Inc. grew its position in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock valued at $8,879,000 after buying an additional 151 shares during the last quarter. Erste Asset Management GmbH increased its stake in shares of The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock valued at $3,309,000 after buying an additional 320 shares during the period. Fidelis Capital Partners LLC raised its position in shares of The Goldman Sachs Group by 65.7% during the fourth quarter. Fidelis Capital Partners LLC now owns 7,418 shares of the investment management company's stock worth $4,691,000 after acquiring an additional 2,942 shares during the last quarter. Finally, Berkshire Asset Management LLC PA lifted its stake in shares of The Goldman Sachs Group by 7.2% in the fourth quarter. Berkshire Asset Management LLC PA now owns 1,164 shares of the investment management company's stock worth $667,000 after acquiring an additional 78 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Up 2.8%

Shares of The Goldman Sachs Group stock traded up $18.47 on Thursday, hitting $688.34. The company had a trading volume of 2,848,497 shares, compared to its average volume of 2,378,521. The stock has a market capitalization of $211.21 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 0.91 and a beta of 1.32. 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 Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $690.13. The stock has a 50 day moving average of $591.14 and a 200-day moving average of $585.75.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.76% and a net margin of 11.86%. The business had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same period last year, the business earned $11.58 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

Insiders Place Their Bets

In related news, Director John B. Hess bought 3,904 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were purchased 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 directly owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Barclays cut their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Royal Bank Of Canada dropped their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley raised their target price on The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, JMP Securities lowered their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned 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 price target of $595.67.

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.