Mn Services Vermogensbeheer B.V. Cuts Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Mn Services Vermogensbeheer B.V. decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 61,600 shares of the investment management company's stock after selling 9,700 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in The Goldman Sachs Group were worth $33,651,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of The Goldman Sachs Group by 63,864.7% in the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after acquiring an additional 3,970,467 shares during the period. Norges Bank bought a new position in The Goldman Sachs Group in the 4th quarter valued at $1,603,315,000. Castlekeep Investment Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $944,334,000. Raymond James Financial Inc. bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $624,844,000. Finally, Proficio Capital Partners LLC raised its position in shares of The Goldman Sachs Group by 14,007.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock worth $606,815,000 after buying an additional 1,052,204 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Trading Up 1.8%

NYSE GS traded up $11.05 on Wednesday, hitting $635.69. The company's stock had a trading volume of 2,417,047 shares, compared to its average volume of 2,371,244. 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 Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The firm has a market cap of $195.05 billion, a P/E ratio of 14.75, a PEG ratio of 0.85 and a beta of 1.32. The company's 50-day simple moving average is $573.58 and its 200 day simple moving average is $583.63.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate 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 firm earned $11.58 earnings per share. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.89%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GS shares. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Citigroup lowered their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a research note on Monday, April 7th. Royal Bank Of Canada cut their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Finally, Evercore ISI reduced their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $593.40.

Insider Buying and Selling

In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is currently owned by insiders.

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.