Generate Investment Management Ltd cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 69.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,420 shares of the investment management company's stock after selling 10,087 shares during the quarter. Generate Investment Management Ltd's holdings in The Goldman Sachs Group were worth $2,415,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Deutsche Bank AG lifted its holdings in shares of 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 purchasing an additional 138,198 shares in the last quarter. Baxter Bros Inc. grew its position in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock valued at $8,879,000 after purchasing an additional 151 shares during the last quarter. Erste Asset Management GmbH grew its position in 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 worth $3,309,000 after buying an additional 320 shares in the last quarter. Fidelis Capital Partners LLC grew its position in The Goldman Sachs Group by 65.7% during the fourth quarter. Fidelis Capital Partners LLC now owns 7,418 shares of the investment management company's stock worth $4,691,000 after buying an additional 2,942 shares in the last quarter. Finally, Berkshire Asset Management LLC PA grew its position in The Goldman Sachs Group by 7.2% during the fourth quarter. Berkshire Asset Management LLC PA now owns 1,164 shares of the investment management company's stock worth $667,000 after buying an additional 78 shares in the last quarter. 71.21% of the stock is owned by institutional investors.
The Goldman Sachs Group Trading Up 2.3%
Shares of NYSE:GS opened at $661.73 on Wednesday. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The company has a market capitalization of $203.05 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 0.88 and a beta of 1.32. The company has a 50-day simple moving average of $587.73 and a 200 day simple moving average of $585.16. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68.
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 earnings per share (EPS) for the quarter, beating 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 business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period last year, the business posted $11.58 EPS. Sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on GS. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research note on Friday, April 4th. Wall Street Zen cut shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Finally, Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a research note on Monday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $595.67.
View Our Latest Stock Analysis on The Goldman Sachs Group
Insider Transactions at The Goldman Sachs Group
In other news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction dated 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 completion of the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.55% of the company's stock.
About The Goldman Sachs Group
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS - Free Report).
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