Mutual of America Capital Management LLC Has $21.08 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Mutual of America Capital Management LLC decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,589 shares of the investment management company's stock after selling 1,448 shares during the quarter. Mutual of America Capital Management LLC's holdings in The Goldman Sachs Group were worth $21,081,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of GS. Brighton Jones LLC lifted its holdings in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after acquiring an additional 58 shares during the period. Bank Pictet & Cie Europe AG acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $583,000. Highview Capital Management LLC DE boosted its position in The Goldman Sachs Group by 4.7% during the 4th quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock worth $2,186,000 after acquiring an additional 171 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in The Goldman Sachs Group by 5.4% during the 4th quarter. Proficio Capital Partners LLC now owns 7,916 shares of the investment management company's stock worth $4,533,000 after acquiring an additional 404 shares during the period. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

GS stock traded down $5.01 during midday trading on Friday, hitting $704.11. The stock had a trading volume of 1,681,679 shares, compared to its average volume of 2,388,916. The firm has a market capitalization of $216.05 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 0.96 and a beta of 1.35. 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 50-day simple moving average of $632.13 and a 200 day simple moving average of $596.48. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued 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 firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period last year, the business earned $11.58 earnings per share. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was 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 of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. HSBC reaffirmed a "reduce" rating and set a $627.00 price target (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, JMP Securities lowered 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of "Hold" and an average price target of $614.00.

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.