Robeco Institutional Asset Management B.V. Buys 39,157 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Robeco Institutional Asset Management B.V. grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 20.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 229,913 shares of the investment management company's stock after purchasing an additional 39,157 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.07% of The Goldman Sachs Group worth $125,599,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its position in shares of The Goldman Sachs Group by 53.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 126,447 shares of the investment management company's stock valued at $69,077,000 after purchasing an additional 44,240 shares during the period. Terra Nova Asset Management LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter valued at $1,643,000. Pure Financial Advisors LLC increased its position in shares of The Goldman Sachs Group by 26.3% during the 1st quarter. Pure Financial Advisors LLC now owns 745 shares of the investment management company's stock valued at $407,000 after purchasing an additional 155 shares during the period. Aspetuck Financial Management LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter valued at $609,000. Finally, Wealth Effects LLC increased its position in shares of The Goldman Sachs Group by 17.6% during the 1st quarter. Wealth Effects LLC now owns 481 shares of the investment management company's stock valued at $263,000 after purchasing an additional 72 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.5%

Shares of The Goldman Sachs Group stock traded up $3.59 during midday trading on Friday, hitting $690.75. The company's stock had a trading volume of 3,644,601 shares, compared to its average volume of 2,381,784. The firm has a market capitalization of $211.95 billion, a P/E ratio of 16.03, a PEG ratio of 0.94 and a beta of 1.32. The stock has a 50-day simple moving average of $594.71 and a 200-day simple moving average of $586.40. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $711.65.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period last year, the company earned $11.58 earnings per share. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.74%. The Goldman Sachs Group's dividend payout ratio is 27.85%.

Insider Buying and Selling

In other news, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GS has been the subject of several research reports. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. JMP Securities reduced 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 note on Tuesday, April 8th. Evercore ISI reduced their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Morgan Stanley raised their price objective on The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and a consensus price target of $595.67.

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.