Generali Investments CEE investicni spolecnost a.s. Has $3.98 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Generali Investments CEE investicni spolecnost a.s. cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 9.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,288 shares of the investment management company's stock after selling 739 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in The Goldman Sachs Group were worth $3,981,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GS. American Capital Advisory LLC acquired a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $30,000. Godsey & Gibb Inc. grew its holdings in shares of The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares in the last quarter. Transce3nd LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $9.16 on Friday, hitting $725.05. The stock had a trading volume of 1,502,041 shares, compared to its average volume of 2,399,044. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $726.00. 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 stock has a market cap of $222.47 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 0.99 and a beta of 1.35. The company's 50-day moving average is $617.08 and its two-hundred day moving average is $591.61.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $14.99 billion. During the same quarter in the prior year, the firm earned $11.58 EPS. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of recent research reports. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. JMP Securities reduced their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $603.73.

Insider Activity

In related news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average cost 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. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by company insiders.

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.