Sumitomo Mitsui DS Asset Management Company Ltd Increases Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 268,770 shares of the investment management company's stock after purchasing an additional 16,431 shares during the quarter. The Goldman Sachs Group makes up about 1.5% of Sumitomo Mitsui DS Asset Management Company Ltd's investment portfolio, making the stock its 9th biggest position. Sumitomo Mitsui DS Asset Management Company Ltd owned 0.09% of The Goldman Sachs Group worth $146,826,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Prestige Wealth Management Group LLC raised its holdings in The Goldman Sachs Group by 1.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock worth $950,000 after acquiring an additional 18 shares during the period. Wynn Capital LLC grew its position in shares of The Goldman Sachs Group by 0.3% in the first quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock valued at $3,211,000 after purchasing an additional 20 shares during the last quarter. 1900 Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 2.6% in the first quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock valued at $425,000 after purchasing an additional 20 shares during the last quarter. World Equity Group Inc. increased its stake in shares of The Goldman Sachs Group by 0.9% in the first quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company's stock worth $1,273,000 after purchasing an additional 20 shares during the period. Finally, Register Financial Advisors LLC lifted its position in shares of The Goldman Sachs Group by 2.5% during the 1st quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock worth $440,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of GS traded down $1.52 during mid-day trading on Tuesday, reaching $706.23. The company had a trading volume of 3,299,600 shares, compared to its average volume of 2,385,991. 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 company has a market capitalization of $216.70 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.94 and a beta of 1.32. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $714.30. The company's 50-day moving average is $602.45 and its 200-day moving average is $587.92.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (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 company had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same period last year, the business earned $11.58 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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

Wall Street Analyst Weigh In

GS has been the topic of a number of research analyst reports. Royal Bank Of Canada lowered their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. 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 note on Saturday, June 14th. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, Citigroup decreased their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of "Hold" and an average target price of $595.67.

Insiders Place Their Bets

In other news, Director John B. Hess bought 3,904 shares of the business's 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 purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.55% of the company's stock.

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.