Teachers Retirement System of The State of Kentucky Boosts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Teachers Retirement System of The State of Kentucky lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 80.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,262 shares of the investment management company's stock after purchasing an additional 18,874 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in The Goldman Sachs Group were worth $23,087,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. American Capital Advisory LLC purchased a new stake in shares of The Goldman Sachs Group during the first quarter valued at approximately $29,000. Godsey & Gibb Inc. raised its holdings in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after buying an additional 34 shares during the last quarter. Transce3nd LLC bought a new stake in The Goldman Sachs Group during the 4th quarter valued at $31,000. Mascagni Wealth Management Inc. purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $31,000. Finally, Lowe Wealth Advisors LLC grew its holdings in The Goldman Sachs Group by 326.7% in the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after acquiring an additional 49 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of several recent analyst reports. Barclays lowered their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley boosted their price target on The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price on the stock. in a research note on Friday, April 4th. Finally, Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $660.00.

The Goldman Sachs Group Stock Down 0.6%

NYSE:GS traded down $4.10 during trading hours on Tuesday, reaching $701.90. 1,324,494 shares of the company traded hands, compared to its average volume of 2,361,050. 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 business's 50-day moving average price is $647.01 and its two-hundred day moving average price is $601.27. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $726.00. The stock has a market capitalization of $215.37 billion, a P/E ratio of 15.47, a P/E/G ratio of 0.94 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results 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 Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The firm had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period last year, the company earned $8.62 earnings per share. The company's revenue was up 14.5% on a year-over-year basis. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, August 29th. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio is currently 26.44%.

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.