Retirement Systems of Alabama Sells 2,276 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Retirement Systems of Alabama lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,903 shares of the investment management company's stock after selling 2,276 shares during the quarter. Retirement Systems of Alabama owned 0.06% of The Goldman Sachs Group worth $102,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Walter & Keenan Wealth Management LLC IN ADV raised its holdings in The Goldman Sachs Group by 12.3% in the first quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 619 shares of the investment management company's stock worth $338,000 after buying an additional 68 shares during the last quarter. Trifecta Capital Advisors LLC increased its position in shares of The Goldman Sachs Group by 0.6% during the first quarter. Trifecta Capital Advisors LLC now owns 12,921 shares of the investment management company's stock valued at $7,059,000 after acquiring an additional 75 shares in the last quarter. Blue Trust Inc. increased its position in shares of The Goldman Sachs Group by 5.8% during the first quarter. Blue Trust Inc. now owns 3,680 shares of the investment management company's stock valued at $2,011,000 after acquiring an additional 202 shares in the last quarter. Merrion Investment Management Co LLC raised its holdings in The Goldman Sachs Group by 2.0% in the 1st quarter. Merrion Investment Management Co LLC now owns 5,489 shares of the investment management company's stock worth $2,999,000 after acquiring an additional 107 shares during the last quarter. Finally, Silver Oak Securities Incorporated lifted its position in The Goldman Sachs Group by 8.4% in the 1st quarter. Silver Oak Securities Incorporated now owns 568 shares of the investment management company's stock valued at $308,000 after acquiring an additional 44 shares in the last quarter. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 1.8%

GS opened at $635.69 on Friday. The firm's 50 day simple moving average is $578.87 and its two-hundred day simple moving average is $584.22. The company has a market capitalization of $195.05 billion, a PE ratio of 14.75, a PEG ratio of 0.87 and a beta of 1.32. 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 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period in the prior year, the business posted $11.58 EPS. As a group, equities analysts forecast 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. Shareholders of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess acquired 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 completion of the purchase, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

GS has been the subject of a number of research analyst reports. Daiwa Capital Markets lowered The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a report on Friday, April 4th. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Evercore ISI dropped their price target 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, JPMorgan Chase & Co. reduced their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. 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 stock. According to data from MarketBeat.com, The Goldman Sachs Group presently 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.

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