Crossmark Global Holdings Inc. Purchases 9,922 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Crossmark Global Holdings Inc. grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 81.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,058 shares of the investment management company's stock after buying an additional 9,922 shares during the period. Crossmark Global Holdings Inc.'s holdings in The Goldman Sachs Group were worth $12,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in The Goldman Sachs Group by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock worth $3,761,576,000 after purchasing an additional 161,500 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of The Goldman Sachs Group by 63,864.7% during the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after buying an additional 3,970,467 shares during the last quarter. FMR LLC boosted its stake in shares of The Goldman Sachs Group by 23.7% during the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock worth $2,053,614,000 after buying an additional 687,711 shares during the last quarter. Northern Trust Corp boosted its stake in shares of The Goldman Sachs Group by 15.0% during the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock worth $1,885,454,000 after buying an additional 428,502 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth about $1,766,238,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on GS shares. HSBC restated a "reduce" rating and set a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday. Citigroup cut their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. 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 note on Friday, April 4th. Morgan Stanley reiterated an "equal weight" rating on shares of The Goldman Sachs Group in a research note on Thursday. Finally, JMP Securities cut their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has an average rating of "Hold" and an average price target of $614.00.

The Goldman Sachs Group Stock Performance

Shares of GS traded down $5.01 during mid-day trading on Friday, hitting $704.11. 1,681,679 shares of the company's stock were exchanged, compared to its average volume of 2,390,272. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $726.00. The stock's 50-day simple moving average is $632.13 and its 200-day simple moving average is $596.39. The firm has a market cap of $216.05 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. 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 (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The company had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same period last year, the firm earned $11.58 earnings per share. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

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

Insider Activity at The Goldman Sachs Group

In other 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 acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director directly owned 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.55% of the company's stock.

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.