The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Davidson Investment Advisors

Davidson Investment Advisors raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 51,559 shares of the investment management company's stock after buying an additional 1,070 shares during the period. The Goldman Sachs Group comprises about 1.4% of Davidson Investment Advisors' portfolio, making the stock its 20th largest holding. Davidson Investment Advisors' holdings in The Goldman Sachs Group were worth $28,166,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of The Goldman Sachs Group by 63,864.7% during the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after buying an additional 3,970,467 shares during the period. International Assets Investment Management LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth approximately $1,766,238,000. Norges Bank acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $1,603,315,000. Castlekeep Investment Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $944,334,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of The Goldman Sachs Group by 214.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,294,084 shares of the investment management company's stock worth $741,018,000 after buying an additional 882,099 shares during the period. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Trading Down 1.8%

GS traded down $13.10 during trading hours on Monday, reaching $710.58. The company's stock had a trading volume of 2,862,335 shares, compared to its average volume of 2,400,899. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $726.00. The stock has a market cap of $218.03 billion, a PE ratio of 16.49, a P/E/G ratio of 0.99 and a beta of 1.35. The business's 50-day moving average is $617.08 and its 200-day moving average is $592.16. 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 released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same period in the prior year, the firm posted $11.58 earnings per share. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director John B. Hess acquired 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 acquisition, the director 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 legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on GS. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Barclays cut their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Evercore ISI boosted their price objective on The Goldman Sachs Group from $630.00 to $715.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen lowered The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus target price of $603.73.

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.