International Assets Investment Management LLC Acquires New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,233,151 shares of the investment management company's stock, valued at approximately $1,766,238,000. The Goldman Sachs Group makes up about 50.8% of International Assets Investment Management LLC's portfolio, making the stock its largest holding. International Assets Investment Management LLC owned approximately 1.04% of The Goldman Sachs Group at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Deutsche Bank AG increased its holdings in The Goldman Sachs Group by 15.4% in the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock valued at $594,412,000 after buying an additional 138,198 shares during the last quarter. Baxter Bros Inc. increased its holdings 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 acquiring an additional 151 shares during the last quarter. Erste Asset Management GmbH raised its position 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 worth $3,309,000 after acquiring an additional 320 shares in the last quarter. Fidelis Capital Partners LLC lifted its stake in 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 purchasing an additional 2,942 shares during the last quarter. Finally, Berkshire Asset Management LLC PA boosted its holdings in 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 valued at $667,000 after purchasing an additional 78 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GS shares. Barclays cut 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 lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Morgan Stanley lifted 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 report on Monday. Citigroup decreased their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Finally, JMP Securities decreased their target price 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 note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and a consensus target price of $595.67.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded up $14.85 during trading on Tuesday, hitting $661.73. 2,306,088 shares of the stock were exchanged, compared to its average volume of 2,691,654. The company has a market cap of $203.05 billion, a PE ratio of 15.36, a P/E/G ratio of 0.87 and a beta of 1.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The company has a fifty day moving average price of $584.65 and a two-hundred day moving average price of $584.63. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19.

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 (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period in the previous year, the firm posted $11.58 earnings per share. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Insider Activity

In related news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.55% of the company's stock.

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.