SBI Securities Co. Ltd. Purchases 2,475 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

SBI Securities Co. Ltd. grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 36.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,217 shares of the investment management company's stock after acquiring an additional 2,475 shares during the quarter. SBI Securities Co. Ltd.'s holdings in The Goldman Sachs Group were worth $5,035,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GS. Deutsche Bank AG boosted its position in shares of The Goldman Sachs Group by 15.4% during the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock valued at $594,412,000 after buying an additional 138,198 shares during the last quarter. Baxter Bros Inc. boosted its position in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock valued at $8,879,000 after buying an additional 151 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in The Goldman Sachs Group in the first quarter worth $321,000. Terra Nova Asset Management LLC purchased a new position in The Goldman Sachs Group in the first quarter worth $1,643,000. Finally, Strategic Blueprint LLC boosted its position in The Goldman Sachs Group by 15.2% in the first quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company's stock worth $1,787,000 after purchasing an additional 432 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

GS has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday. Barclays cut their price objective on 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. Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the stock an "outperform" rating in a research report on Thursday. Finally, Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $614.00.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $704.11 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $726.00. The firm has a market cap of $216.05 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.96 and a beta of 1.35. The business's fifty day moving average is $632.13 and its 200 day moving average is $596.59.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period in the previous year, the company posted $11.58 EPS. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.70%. The Goldman Sachs Group's payout ratio is 27.85%.

Insider Activity

In related news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director owned 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company's stock.

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.

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