Rhumbline Advisers Sells 5,699 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Rhumbline Advisers cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 570,599 shares of the investment management company's stock after selling 5,699 shares during the quarter. Rhumbline Advisers owned about 0.19% of The Goldman Sachs Group worth $311,712,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GS. GAMMA Investing LLC raised its stake in The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after purchasing an additional 3,970,467 shares during the period. Norges Bank purchased a new position in The Goldman Sachs Group during the 4th quarter worth $1,603,315,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $944,334,000. Raymond James Financial Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter worth $624,844,000. Finally, Proficio Capital Partners LLC grew its holdings in The Goldman Sachs Group by 14,007.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock valued at $606,815,000 after purchasing an additional 1,052,204 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Up 1.2%

Shares of NYSE:GS traded up $7.34 during trading on Thursday, hitting $606.55. 824,286 shares of the company were exchanged, compared to its average volume of 2,364,501. The stock has a market cap of $186.11 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 0.89 and a beta of 1.32. The firm has a fifty day moving average price of $553.22 and a two-hundred day moving average price of $582.47. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week 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 posted its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the business earned $11.58 earnings per share. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.98%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Analyst Upgrades and Downgrades

GS has been the topic of a number of recent research reports. JMP Securities reduced their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the stock an "equal weight" rating in a research report on Monday, April 7th. Citigroup decreased their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Finally, Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a report on Friday, April 4th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $593.40.

About The Goldman Sachs Group

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.