Rakuten Securities Inc. Sells 1,361 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Rakuten Securities Inc. decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 26.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,874 shares of the investment management company's stock after selling 1,361 shares during the period. The Goldman Sachs Group makes up 1.1% of Rakuten Securities Inc.'s holdings, making the stock its 24th largest position. Rakuten Securities Inc.'s holdings in The Goldman Sachs Group were worth $2,116,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in The Goldman Sachs Group by 2.5% in 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. Fisher Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock worth $3,524,669,000 after buying an additional 112,696 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of The Goldman Sachs Group by 63,864.7% during the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after buying an additional 3,970,467 shares during the last quarter. FMR LLC raised 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 valued at $2,053,614,000 after purchasing an additional 687,711 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of 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 period. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling

In related news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on GS. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a research note on Friday, April 4th. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Barclays cut their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, 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 report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Trading Up 2.3%

GS opened at $627.63 on Tuesday. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year 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 company has a market cap of $192.58 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The company has a fifty day moving average price of $571.45 and a two-hundred day moving average price of $583.34.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate 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 11.32% and a return on equity of 13.30%. During the same period in the previous year, the firm posted $11.58 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company 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 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

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.

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