The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 41.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,800 shares of the investment management company's stock after purchasing an additional 14,600 shares during the period. The Goldman Sachs Group accounts for 1.1% of Adams Diversified Equity Fund Inc.'s portfolio, making the stock its 21st biggest position. Adams Diversified Equity Fund Inc.'s holdings in The Goldman Sachs Group were worth $27,205,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GS. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $30,000. Godsey & Gibb Inc. grew its position in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after acquiring an additional 34 shares during the last quarter. Transce3nd LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Finally, Whipplewood Advisors LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $661.73 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average of $587.73 and a 200-day moving average of $585.16. The firm has a market cap of $203.05 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 0.88 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter last year, the firm posted $11.58 EPS. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction on Tuesday, April 15th. The stock was bought 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 now owns 3,904 shares of the company's stock, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

GS has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the company an "equal weight" rating in a research report on Monday. JMP Securities decreased 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 report on Tuesday, April 8th. Citigroup decreased 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 report on Monday, March 24th. Royal Bank Of Canada decreased their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Finally, Evercore ISI decreased their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $595.67.

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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