The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 22.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,185 shares of the investment management company's stock after purchasing an additional 15,899 shares during the period. Teacher Retirement System of Texas' holdings in The Goldman Sachs Group were worth $47,082,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $30,000. Mascagni Wealth Management Inc. purchased a new stake in The Goldman Sachs Group during the fourth quarter worth $31,000. American Capital Advisory LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter valued at $29,000. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $31,000. Finally, Godsey & Gibb Inc. raised its stake in shares of 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 worth $30,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 1.2%

GS stock opened at $715.21 on Thursday. The stock has a market cap of $219.46 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 0.96 and a beta of 1.35. The firm's 50-day simple moving average is $609.88 and its 200 day simple moving average is $589.61. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $718.73. 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 released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share 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 analysts' expectations of $14.99 billion. During the same quarter in the previous year, the company posted $11.58 earnings per share. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price 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. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GS shares. Royal Bank Of Canada reduced their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Citigroup decreased their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Wall Street Zen lowered The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Wells Fargo & Company dropped their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Daiwa America cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $603.73.

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.

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