Peregrine Asset Advisers Inc. Has $806,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Peregrine Asset Advisers Inc. grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 79.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,476 shares of the investment management company's stock after acquiring an additional 654 shares during the quarter. Peregrine Asset Advisers Inc.'s holdings in The Goldman Sachs Group were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GS. American Capital Advisory LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter worth about $29,000. Godsey & Gibb Inc. lifted its position in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after buying an additional 34 shares in the last quarter. Transce3nd LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group during the fourth quarter worth approximately $31,000. Finally, Lowe Wealth Advisors LLC lifted its position in The Goldman Sachs Group by 326.7% during the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after buying an additional 49 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

GS stock traded down $4.96 during midday trading on Tuesday, reaching $701.04. The company had a trading volume of 1,978,572 shares, compared to its average volume of 2,363,341. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 2.26. The stock has a 50 day moving average price of $647.01 and a 200 day moving average price of $601.27. The firm has a market capitalization of $215.11 billion, a PE ratio of 15.45, a P/E/G ratio of 0.94 and a beta of 1.35. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The firm had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.62 earnings per share. Analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.28%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio is currently 26.44%.

Analyst Upgrades and Downgrades

GS has been the topic of several research analyst reports. Citigroup boosted their price objective on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a report on Monday. Barclays lowered their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley upped their price objective on The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a research report on Friday, April 4th. Finally, Citizens Jmp reaffirmed a "market perform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $660.00.

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.