Maj Invest Holding A S decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,704 shares of the investment management company's stock after selling 8,167 shares during the period. The Goldman Sachs Group accounts for approximately 3.0% of Maj Invest Holding A S's holdings, making the stock its 18th biggest holding. Maj Invest Holding A S's holdings in The Goldman Sachs Group were worth $82,329,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after purchasing an additional 3,970,467 shares during the last quarter. International Assets Investment Management LLC purchased a new position in The Goldman Sachs Group during the first quarter worth $1,766,238,000. Norges Bank purchased a new position in The Goldman Sachs Group during the fourth quarter worth $1,603,315,000. Castlekeep Investment Advisors LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at $944,334,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of The Goldman Sachs Group by 214.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,294,084 shares of the investment management company's stock valued at $741,018,000 after acquiring an additional 882,099 shares during the period. Institutional investors own 71.21% of the company's stock.
Analysts Set New Price Targets
GS has been the topic of several analyst reports. 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. JMP Securities cut their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Royal Bank Of Canada reduced their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Daiwa America cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Evercore ISI increased their target price on The Goldman Sachs Group from $630.00 to $715.00 and gave the stock an "outperform" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $603.73.
Check Out Our Latest Research Report on GS
The Goldman Sachs Group Stock Up 1.3%
Shares of The Goldman Sachs Group stock traded up $9.16 during trading on Friday, hitting $725.05. 1,502,041 shares of the stock traded hands, compared to its average volume of 2,399,044. 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 stock's fifty day simple moving average is $617.08 and its 200 day simple moving average is $591.89. The firm has a market cap of $222.48 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $726.00.
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 (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period in the prior year, the business earned $11.58 EPS. On average, equities analysts predict 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 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 1.66%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.
Insider Buying and Selling
In related news, Director John B. Hess bought 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director directly owned 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by company insiders.
About The Goldman Sachs Group
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Free Report)
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.
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