M&T Bank Corp Decreases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

M&T Bank Corp decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,009 shares of the investment management company's stock after selling 864 shares during the quarter. M&T Bank Corp's holdings in The Goldman Sachs Group were worth $14,208,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock valued at $3,761,576,000 after acquiring an additional 161,500 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after acquiring an additional 3,970,467 shares during the last quarter. FMR LLC increased its holdings in shares of The Goldman Sachs Group by 23.7% in the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock valued at $2,053,614,000 after acquiring an additional 687,711 shares during the last quarter. Northern Trust Corp increased its holdings in shares of The Goldman Sachs Group by 15.0% in the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock valued at $1,885,454,000 after acquiring an additional 428,502 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of The Goldman Sachs Group in the 1st quarter valued at about $1,766,238,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded down $5.01 during midday 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 company's 50 day simple moving average is $632.13 and its 200 day simple moving average is $596.39. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $726.00. The stock has a market cap of $216.05 billion, a price-to-earnings ratio of 16.34, a PEG 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 announced its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same period last year, the business posted $11.58 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.70%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director directly owned 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.55% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on GS shares. JMP Securities dropped their price objective on 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. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Hsbc Global Res downgraded The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday. Morgan Stanley restated an "equal weight" rating on shares of The Goldman Sachs Group in a research note on Thursday. Finally, Citigroup dropped their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $614.00.

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.