UMB Bank n.a. Has $3.35 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

UMB Bank n.a. decreased its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,132 shares of the investment management company's stock after selling 534 shares during the period. UMB Bank n.a.'s holdings in The Goldman Sachs Group were worth $3,350,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sivia Capital Partners LLC boosted its stake in shares of The Goldman Sachs Group by 7.2% during the 1st quarter. Sivia Capital Partners LLC now owns 816 shares of the investment management company's stock valued at $446,000 after buying an additional 55 shares during the last quarter. Perkins Coie Trust Co bought a new position in The Goldman Sachs Group during the first quarter worth $67,000. Godsey & Gibb Inc. boosted its holdings in shares of The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after buying an additional 34 shares during the period. Princeton Global Asset Management LLC raised its stake in The Goldman Sachs Group by 6.9% during the first quarter. Princeton Global Asset Management LLC now owns 2,056 shares of the investment management company's stock worth $1,123,000 after acquiring an additional 132 shares during the period. Finally, Reliant Investment Management LLC lifted its holdings in The Goldman Sachs Group by 846.8% in the first quarter. Reliant Investment Management LLC now owns 9,203 shares of the investment management company's stock worth $5,028,000 after acquiring an additional 8,231 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess bought 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 of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

GS has been the topic of a number of recent research reports. Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price on the stock. in a research note on Friday, April 4th. Barclays cut their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Royal Bank of Canada cut 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 research note on Tuesday, April 15th. Evercore ISI decreased their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Finally, Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group Price Performance

NYSE:GS traded up $1.02 during trading hours on Thursday, reaching $625.19. 1,632,468 shares of the company's stock were exchanged, compared to its average volume of 2,368,161. The company has a market capitalization of $191.83 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 0.89 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 $672.19. The business's 50-day simple moving average is $561.88 and its two-hundred day simple moving average is $583.31. 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 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, topping analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business 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 firm posted $11.58 EPS. Sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

About The Goldman Sachs Group

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.