The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 11.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,953 shares of the investment management company's stock after acquiring an additional 1,037 shares during the quarter. The Goldman Sachs Group comprises 3.5% of Asahi Life Asset Management CO. LTD.'s investment portfolio, making the stock its 5th biggest holding. Asahi Life Asset Management CO. LTD.'s holdings in The Goldman Sachs Group were worth $5,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in GS. Prestige Wealth Management Group LLC grew its holdings in The Goldman Sachs Group by 1.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock valued at $950,000 after buying an additional 18 shares during the last quarter. Wynn Capital LLC lifted its position in shares of The Goldman Sachs Group by 0.3% in 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 period. 1900 Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 2.6% in 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 period. World Equity Group Inc. lifted its position in shares of The Goldman Sachs Group by 0.9% in 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 during the period. Finally, Register Financial Advisors LLC lifted its position in shares of The Goldman Sachs Group by 2.5% in the 1st quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock worth $440,000 after acquiring an additional 20 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on GS. JMP Securities reduced their price objective on 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. JPMorgan Chase & Co. reduced their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley reiterated an "equal weight" rating on shares of The Goldman Sachs Group in a research report on Thursday. Hsbc Global Res downgraded The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $614.00.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director directly owned 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Trading Down 0.7%

Shares of GS opened at $704.11 on Monday. The stock has a fifty day moving average price of $632.13 and a two-hundred day moving average price of $596.59. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $726.00. The company has a market cap of $216.05 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.96 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the previous year, the company posted $11.58 EPS. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

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.

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