Foundry Partners LLC Sells 2,612 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Foundry Partners LLC lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,470 shares of the investment management company's stock after selling 2,612 shares during the quarter. The Goldman Sachs Group accounts for about 1.3% of Foundry Partners LLC's portfolio, making the stock its 12th largest position. Foundry Partners LLC's holdings in The Goldman Sachs Group were worth $25,386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. American Capital Advisory LLC purchased a new position in The Goldman Sachs Group during the first quarter worth $29,000. Godsey & Gibb Inc. boosted its stake in shares of The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after purchasing an additional 34 shares during the period. Transce3nd LLC bought a new position in The Goldman Sachs Group during the 4th quarter valued at about $31,000. Mascagni Wealth Management Inc. purchased a new stake in The Goldman Sachs Group in the 4th quarter worth about $31,000. Finally, Lowe Wealth Advisors LLC lifted its stake in The Goldman Sachs Group by 326.7% in the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after purchasing an additional 49 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 0.3%

The Goldman Sachs Group stock opened at $708.31 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.12 and a quick ratio of 0.68. The business has a 50 day simple moving average of $647.01 and a 200-day simple moving average of $600.89. The stock has a market capitalization of $217.34 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.95 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $726.00.

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

The Goldman Sachs Group Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research note on Thursday. Daiwa Capital Markets lowered The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a report on Friday, April 4th. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $649.29.

About The Goldman Sachs Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.