The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,451 shares of the investment management company's stock after selling 959 shares during the period. E. Ohman J or Asset Management AB's holdings in The Goldman Sachs Group were worth $7,348,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Asset Planning Inc acquired a new position in The Goldman Sachs Group in the fourth quarter worth about $29,000. Curio Wealth LLC acquired a new position in The Goldman Sachs Group in the fourth quarter worth about $30,000. Mascagni Wealth Management Inc. acquired a new position in The Goldman Sachs Group in the fourth quarter worth about $31,000. Transce3nd LLC acquired a new position in The Goldman Sachs Group in the fourth quarter worth about $31,000. Finally, Whipplewood Advisors LLC acquired a new position in The Goldman Sachs Group in the fourth quarter worth about $34,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were purchased 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 now owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

NYSE GS opened at $605.46 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $185.78 billion, a PE ratio of 14.93, a P/E/G ratio of 0.89 and a beta of 1.32. The company's 50 day simple moving average is $554.39 and its 200 day simple moving average is $582.59.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (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 analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter in the previous year, the business posted $11.58 earnings per share. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm 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 $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.98%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. JMP Securities cut their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Citigroup cut their target price on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Finally, Wells Fargo & Company cut their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $593.40.

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.

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