The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Increased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,047,198 shares of the investment management company's stock after buying an additional 64,054 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.34% of The Goldman Sachs Group worth $572,074,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $30,000. Mascagni Wealth Management Inc. purchased a new stake in The Goldman Sachs Group in the 4th quarter worth about $31,000. Transce3nd LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $31,000. Godsey & Gibb Inc. grew its stake in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after acquiring an additional 34 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Trading Up 0.5%

Shares of GS opened at $690.75 on Friday. The stock's 50-day moving average price is $598.32 and its 200 day moving average price is $587.13. 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 firm has a market capitalization of $211.95 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 0.94 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $694.20.

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 return on equity of 13.76% and a net margin of 11.86%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter last year, the company earned $11.58 EPS. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were given a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.74%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays lowered their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped 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. Morgan Stanley lifted their price objective on The Goldman Sachs Group from $570.00 to $592.00 and gave the company an "equal weight" rating in a research report on Monday, June 23rd. Citigroup dropped their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Finally, Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $595.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.