500 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 500 shares of the investment management company's stock, valued at approximately $273,000. The Goldman Sachs Group makes up about 0.2% of RWQ Financial Management Services Inc.'s portfolio, making the stock its 21st largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in GS. Pzena Investment Management LLC grew its position in shares of The Goldman Sachs Group by 2.4% during the 1st quarter. Pzena Investment Management LLC now owns 136,653 shares of the investment management company's stock valued at $74,652,000 after acquiring an additional 3,244 shares during the period. Commerzbank Aktiengesellschaft FI grew its position in shares of The Goldman Sachs Group by 113.2% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 53,658 shares of the investment management company's stock valued at $29,313,000 after acquiring an additional 28,495 shares during the period. Pettee Investors Inc. grew its position in shares of The Goldman Sachs Group by 19.1% during the 1st quarter. Pettee Investors Inc. now owns 2,423 shares of the investment management company's stock valued at $1,324,000 after acquiring an additional 388 shares during the period. Easterly Investment Partners LLC grew its position in shares of The Goldman Sachs Group by 2.7% during the 1st quarter. Easterly Investment Partners LLC now owns 20,090 shares of the investment management company's stock valued at $10,975,000 after acquiring an additional 536 shares during the period. Finally, Kingsview Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 6.0% during the 1st quarter. Kingsview Wealth Management LLC now owns 4,435 shares of the investment management company's stock valued at $2,423,000 after acquiring an additional 251 shares during the period. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research report on Friday, April 4th. HSBC reissued a "reduce" rating and set a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Finally, Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $630.87.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded down $2.20 on Thursday, hitting $706.62. 2,043,921 shares of the company traded hands, compared to its average volume of 2,370,571. The firm's 50-day simple moving average is $641.38 and its 200 day simple moving average is $599.03. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26. The company has a market cap of $216.82 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.97 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating the consensus estimate of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The business's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company posted $8.62 EPS. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be given a dividend of $4.00 per share. The ex-dividend date is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.26%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

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.