Exchange Traded Concepts LLC Has $13.86 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Exchange Traded Concepts LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 863.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,373 shares of the investment management company's stock after purchasing an additional 22,739 shares during the quarter. Exchange Traded Concepts LLC's holdings in The Goldman Sachs Group were worth $13,861,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GS. Deutsche Bank AG lifted its stake in The Goldman Sachs Group by 15.4% in the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock valued at $594,412,000 after buying an additional 138,198 shares during the last quarter. Baxter Bros Inc. increased its holdings in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after acquiring an additional 151 shares during the period. Erste Asset Management GmbH lifted its position in The Goldman Sachs Group by 5.9% in the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock valued at $3,309,000 after purchasing an additional 320 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new position in The Goldman Sachs Group during the 4th quarter valued at about $356,000. Finally, Fidelis Capital Partners LLC boosted its stake in The Goldman Sachs Group by 65.7% during the 4th quarter. Fidelis Capital Partners LLC now owns 7,418 shares of the investment management company's stock valued at $4,691,000 after purchasing an additional 2,942 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 2.9%

Shares of The Goldman Sachs Group stock traded up $17.53 during trading on Monday, hitting $631.07. The stock had a trading volume of 587,347 shares, compared to its average volume of 2,366,329. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The stock has a 50 day simple moving average of $568.13 and a 200 day simple moving average of $583.21. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $193.64 billion, a PE ratio of 15.58, a P/E/G ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. 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 previous year, the company posted $11.58 EPS. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.90%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Insiders Place Their Bets

In related news, Director John B. Hess bought 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

GS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Barclays cut their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Royal Bank of Canada decreased their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen cut shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Evercore ISI dropped their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $593.40.

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.