Olstein Capital Management L.P. Boosts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Olstein Capital Management L.P. increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the investment management company's stock after acquiring an additional 500 shares during the period. Olstein Capital Management L.P.'s holdings in The Goldman Sachs Group were worth $4,370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Seelaus Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock valued at $378,000 after purchasing an additional 16 shares in the last quarter. Pointe Capital Management LLC grew its stake in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock worth $951,000 after acquiring an additional 16 shares in the last quarter. Blackston Financial Advisory Group LLC grew its stake in shares of The Goldman Sachs Group by 2.1% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 831 shares of the investment management company's stock worth $476,000 after acquiring an additional 17 shares in the last quarter. Morris Financial Concepts Inc. increased its position in shares of The Goldman Sachs Group by 3.5% during the fourth quarter. Morris Financial Concepts Inc. now owns 536 shares of the investment management company's stock worth $307,000 after acquiring an additional 18 shares during the period. Finally, Delta Financial Advisors LLC raised its stake in shares of The Goldman Sachs Group by 0.3% in the fourth quarter. Delta Financial Advisors LLC now owns 6,861 shares of the investment management company's stock valued at $3,929,000 after acquiring an additional 18 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $614.49 on Monday. The company's 50 day simple moving average is $555.71 and its 200-day simple moving average is $582.73. The firm has a market cap of $188.55 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued 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 firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter in the prior year, the business earned $11.58 EPS. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Wall Street Analyst Weigh In

Several research analysts recently commented on GS shares. Royal Bank of Canada lowered their target price on 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. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. JMP Securities lowered their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company cut their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research note on Friday, April 4th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and a consensus price target of $593.40.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.