The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Amalgamated Bank

Amalgamated Bank grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,762 shares of the investment management company's stock after acquiring an additional 708 shares during the quarter. Amalgamated Bank's holdings in The Goldman Sachs Group were worth $33,740,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GS. Prestige Wealth Management Group LLC lifted its holdings in shares of The Goldman Sachs Group by 1.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock valued at $950,000 after purchasing an additional 18 shares in the last quarter. Wynn Capital LLC boosted its position in The Goldman Sachs Group by 0.3% during the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock worth $3,211,000 after acquiring an additional 20 shares during the last quarter. 1900 Wealth Management LLC boosted its position in The Goldman Sachs Group by 2.6% during the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock worth $425,000 after acquiring an additional 20 shares during the last quarter. World Equity Group Inc. grew its stake in shares of The Goldman Sachs Group by 0.9% during the 1st quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company's stock worth $1,273,000 after acquiring an additional 20 shares in the last quarter. Finally, Register Financial Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 2.5% in the first quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock valued at $440,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Wall Street Analyst Weigh In

GS has been the subject of a number of research analyst reports. Wall Street Zen cut shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. JPMorgan Chase & Co. reduced their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Evercore ISI dropped their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. Royal Bank Of Canada cut their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. Finally, Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $595.67.

The Goldman Sachs Group Trading Down 0.2%

NYSE:GS traded down $1.52 on Tuesday, reaching $706.23. 3,299,600 shares of the company's stock were exchanged, compared to its average volume of 2,388,133. The business has a fifty day moving average of $602.45 and a 200-day moving average of $587.92. The firm has a market capitalization of $216.70 billion, a price-to-earnings ratio of 16.39, 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, Inc. has a 52-week low of $437.37 and a 52-week high of $714.30.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period in the prior year, the firm posted $11.58 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director owned 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

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.