The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Cooper Capital Advisors LLC

Cooper Capital Advisors LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1,558.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,088 shares of the investment management company's stock after purchasing an additional 8,540 shares during the quarter. The Goldman Sachs Group accounts for about 5.3% of Cooper Capital Advisors LLC's investment portfolio, making the stock its 9th biggest holding. Cooper Capital Advisors LLC's holdings in The Goldman Sachs Group were worth $4,965,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Deutsche Bank AG lifted its stake in The Goldman Sachs Group by 15.4% during the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after purchasing an additional 138,198 shares during the last quarter. Baxter Bros Inc. grew its holdings in The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after acquiring an additional 151 shares during the period. Erste Asset Management GmbH grew its position in shares of The Goldman Sachs Group by 5.9% during the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock worth $3,309,000 after buying an additional 320 shares during the period. Clear Creek Financial Management LLC bought a new position in shares of The Goldman Sachs Group during the 1st quarter worth about $321,000. Finally, Terra Nova Asset Management LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at $1,643,000. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling

In related news, Director John B. Hess bought 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director directly owned 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 the company. Daiwa America cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Barclays reduced their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Hsbc Global Res downgraded The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday. Finally, Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Hold" and an average target price of $614.00.

The Goldman Sachs Group Stock Down 0.7%

GS traded down $5.01 during trading on Friday, hitting $704.11. The company had a trading volume of 1,681,679 shares, compared to its average volume of 2,390,272. The business has a 50-day moving average of $632.13 and a 200-day moving average of $596.39. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. The company has a market cap of $216.05 billion, a PE ratio of 16.34, a P/E/G ratio of 0.97 and a beta of 1.35. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations 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 previous year, the business earned $11.58 earnings per share. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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 paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

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.