World Investment Advisors Purchases 978 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

World Investment Advisors lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,295 shares of the investment management company's stock after purchasing an additional 978 shares during the quarter. World Investment Advisors' holdings in The Goldman Sachs Group were worth $4,532,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Deutsche Bank AG lifted its stake in shares of The Goldman Sachs Group by 15.4% in the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock valued at $594,412,000 after purchasing an additional 138,198 shares during the last quarter. Baxter Bros Inc. increased its position in shares of The Goldman Sachs Group by 1.0% during the fourth 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 increased its holdings in 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 purchasing an additional 320 shares during the period. Clear Creek Financial Management LLC purchased a new position in The Goldman Sachs Group in the first quarter worth approximately $321,000. Finally, Terra Nova Asset Management LLC purchased a new position in shares of The Goldman Sachs Group in the 1st quarter valued at about $1,643,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group 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 acquisition, the director directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Stock Down 1.8%

Shares of GS traded down $13.10 during trading on Monday, reaching $710.58. The company's stock had a trading volume of 2,862,335 shares, compared to its average volume of 2,400,902. The company has a market cap of $218.03 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 0.99 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 company has a fifty day moving average of $617.08 and a two-hundred day moving average of $592.16. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates 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 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 earnings per share. On average, sell-side 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 company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders 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 yield of 1.69%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's payout ratio is currently 27.85%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GS shares. JMP Securities cut their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Barclays decreased their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Royal Bank Of Canada lowered their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Finally, Evercore ISI upped their price target on shares of The Goldman Sachs Group from $630.00 to $715.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price 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.