Lbp Am Sa Trims Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

LBP AM SA cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 65.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,697 shares of the investment management company's stock after selling 3,173 shares during the period. LBP AM SA's holdings in The Goldman Sachs Group were worth $927,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG raised its stake in The Goldman Sachs Group by 15.4% during the fourth 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. increased its position in shares of The Goldman Sachs Group by 1.0% during the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock valued at $8,879,000 after acquiring an additional 151 shares during the last quarter. Erste Asset Management GmbH increased its position in shares of The Goldman Sachs Group by 5.9% during the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock valued at $3,309,000 after acquiring an additional 320 shares during the last quarter. Clear Creek Financial Management LLC acquired a new stake in shares of The Goldman Sachs Group during the first quarter valued at about $321,000. Finally, Terra Nova Asset Management LLC acquired a new stake in shares of The Goldman Sachs Group during the first quarter valued at about $1,643,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 0.7%

Shares of GS stock traded down $5.01 during trading on Friday, reaching $704.11. The company's stock had a trading volume of 1,681,679 shares, compared to its average volume of 2,390,272. 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, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. The company has a market capitalization of $216.05 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 0.97 and a beta of 1.35. The stock's 50-day moving average price is $632.13 and its 200 day moving average price is $596.39.

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 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 company had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter in the previous year, the business posted $11.58 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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

Insider Buying and Selling

In other news, Director John B. Hess purchased 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent analyst reports. Evercore ISI set a $715.00 price target on shares of The Goldman Sachs Group and gave the company an "outperform" rating in a research report on Thursday. Barclays dropped their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Morgan Stanley reiterated an "equal weight" rating on shares of The Goldman Sachs Group in a research report on Thursday. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, JMP Securities dropped 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. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $614.00.

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.