The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,518 shares of the investment management company's stock after purchasing an additional 623 shares during the quarter. HighPoint Advisor Group LLC's holdings in The Goldman Sachs Group were worth $3,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GS. Geode Capital Management LLC increased its stake in The Goldman Sachs Group by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock valued at $3,761,576,000 after purchasing an additional 161,500 shares in the last quarter. GAMMA Investing LLC grew its position in The Goldman Sachs Group by 63,864.7% in 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 purchasing an additional 3,970,467 shares in the last quarter. FMR LLC boosted its position in The Goldman Sachs Group by 23.7% in the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock worth $2,053,614,000 after purchasing an additional 687,711 shares during the last quarter. Northern Trust Corp increased its holdings in The Goldman Sachs Group by 15.0% during the fourth 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 bought a new stake in shares of The Goldman Sachs Group in the first quarter valued at approximately $1,766,238,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

GS traded down $1.97 during trading on Monday, hitting $706.29. The stock had a trading volume of 2,002,712 shares, compared to its average volume of 2,364,879. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $726.00. The firm has a market capitalization of $216.72 billion, a P/E ratio of 15.61, a PEG ratio of 0.94 and a beta of 1.35. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.68 and a current ratio of 1.12. The company's 50-day moving average price is $647.01 and its 200 day moving average price is $601.27.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $13.53 billion. During the same quarter in the prior year, the business posted $8.62 earnings per share. The Goldman Sachs Group's revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.27%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio (DPR) is 26.44%.

Wall Street Analysts Forecast Growth

GS has been the subject of several research analyst reports. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a "market perform" rating in a research note on Thursday. Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the stock an "outperform" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. cut their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $660.00.

The Goldman Sachs Group 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.