New York State Teachers Retirement System Trims Position in The Goldman Sachs Group, Inc. (NYSE:GS)

New York State Teachers Retirement System lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 261,455 shares of the investment management company's stock after selling 15,922 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of The Goldman Sachs Group worth $142,830,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Deutsche Bank AG lifted its position 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 purchasing an additional 138,198 shares during the period. Baxter Bros Inc. increased its position in The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after purchasing an additional 151 shares during the period. Erste Asset Management GmbH raised its stake 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 buying an additional 320 shares in the last quarter. Terra Nova Asset Management LLC acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $1,643,000. Finally, Fidelis Capital Partners LLC boosted its stake in shares of The Goldman Sachs Group by 65.7% in the fourth quarter. Fidelis Capital Partners LLC now owns 7,418 shares of the investment management company's stock valued at $4,691,000 after buying an additional 2,942 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded down $4.77 during trading on Tuesday, hitting $702.98. 1,141,165 shares of the company were exchanged, compared to its average volume of 2,377,784. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $714.30. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The firm has a 50 day moving average price of $602.45 and a 200 day moving average price of $587.92. The stock has a market capitalization of $215.70 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 0.94 and a beta of 1.32.

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

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.71%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

Analyst Ratings Changes

A number of research analysts recently weighed in on GS shares. Barclays dropped their price objective on 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. Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a research note on Monday, June 23rd. Royal Bank Of Canada reduced their price objective 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 note on Tuesday, April 15th. Evercore ISI decreased their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Finally, Wall Street Zen lowered shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. One 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's stock. According to MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus target price of $595.67.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director directly owned 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.55% of the company's stock.

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.