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

First American Bank grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,210 shares of the investment management company's stock after purchasing an additional 2,318 shares during the quarter. The Goldman Sachs Group makes up 1.5% of First American Bank's investment portfolio, making the stock its 15th largest holding. First American Bank's holdings in The Goldman Sachs Group were worth $20,874,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $30,000. Godsey & Gibb Inc. lifted its stake in 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 purchasing an additional 34 shares during the last quarter. Transce3nd LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $31,000. Mascagni Wealth Management Inc. purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $31,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $34,000. Institutional investors own 71.21% of the company's stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were acquired 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 now directly owns 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 legal filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Evercore ISI reduced their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Royal Bank Of Canada lowered their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen downgraded The Goldman Sachs Group from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Barclays decreased their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Morgan Stanley set a $558.00 target price on The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded up $5.06 during mid-day trading on Friday, hitting $640.30. 4,113,195 shares of the company were exchanged, compared to its average volume of 2,375,515. 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 business's 50 day simple moving average is $581.78 and its two-hundred day simple moving average is $584.39. The company has a market capitalization of $196.47 billion, a P/E ratio of 14.86, a PEG ratio of 0.87 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same quarter last year, the business posted $11.58 earnings per share. 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 business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's payout ratio is 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.