Y Intercept Hong Kong Ltd Has $9.18 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Y Intercept Hong Kong Ltd raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 466.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,795 shares of the investment management company's stock after buying an additional 13,831 shares during the period. The Goldman Sachs Group comprises approximately 0.6% of Y Intercept Hong Kong Ltd's investment portfolio, making the stock its 11th biggest position. Y Intercept Hong Kong Ltd's holdings in The Goldman Sachs Group were worth $9,175,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its stake in 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 worth $594,412,000 after purchasing an additional 138,198 shares during the period. Baxter Bros Inc. boosted its stake in shares of 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 valued at $8,879,000 after buying an additional 151 shares during the period. Clear Creek Financial Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at $321,000. Adams Diversified Equity Fund Inc. boosted its stake in shares of The Goldman Sachs Group by 41.5% during the 1st quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock valued at $27,205,000 after buying an additional 14,600 shares during the period. Finally, Terra Nova Asset Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at $1,643,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

GS traded up $6.09 during trading on Friday, hitting $725.27. The stock had a trading volume of 681,533 shares, compared to its average volume of 2,634,520. The firm has a market cap of $222.54 billion, a PE ratio of 15.98, a P/E/G ratio of 1.52 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $728.55. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26. The company has a 50 day simple moving average of $655.40 and a 200-day simple moving average of $604.55.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping the consensus estimate of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The business's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $8.62 EPS. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.21%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 26.44%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GS. Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the company an "outperform" rating in a research note on Thursday, July 10th. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. JMP Securities restated a "market perform" rating and set a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $660.00.

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.