Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Buys Shares of 16,100 The Goldman Sachs Group, Inc. (NYSE:GS)

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 16,100 shares of the investment management company's stock, valued at approximately $8,795,000. The Goldman Sachs Group makes up 1.5% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management's investment portfolio, making the stock its 21st biggest position.

Several other large investors have also recently added to or reduced their stakes in GS. Geode Capital Management LLC raised its position in shares of The Goldman Sachs Group by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock worth $3,761,576,000 after purchasing an additional 161,500 shares during the period. GAMMA Investing LLC grew its position in shares of The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after acquiring an additional 3,970,467 shares during the last quarter. FMR LLC increased its holdings in shares of The Goldman Sachs Group by 23.7% in the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock worth $2,053,614,000 after acquiring an additional 687,711 shares during the period. Northern Trust Corp lifted its position in The Goldman Sachs Group by 15.0% in the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock valued at $1,885,454,000 after purchasing an additional 428,502 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in The Goldman Sachs Group during the 1st quarter valued at about $1,766,238,000. 71.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GS has been the topic of several analyst reports. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday. Morgan Stanley raised their target price on The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a research report on Thursday. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods increased their price target on The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a "market perform" rating in a research note on Thursday. Finally, Wall Street Zen raised The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $649.29.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded up $2.47 during trading hours on Friday, hitting $708.31. 1,923,088 shares of the company's stock traded hands, compared to its average volume of 2,364,984. The company's fifty day simple moving average is $644.19 and its two-hundred day simple moving average is $599.95. The company has a market cap of $217.34 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 0.95 and a beta of 1.35. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.68 and a current ratio of 1.12. 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 Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The business had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. During the same period in the previous year, the firm posted $8.62 EPS. The company's quarterly revenue was up 14.5% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, August 29th. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is presently 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.