Union Bancaire Privee UBP SA Sells 35,733 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Union Bancaire Privee UBP SA reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 60.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 23,118 shares of the investment management company's stock after selling 35,733 shares during the period. Union Bancaire Privee UBP SA's holdings in The Goldman Sachs Group were worth $12,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Asset Planning Inc bought a new stake in The Goldman Sachs Group in the 4th quarter valued at about $29,000. Curio Wealth LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at about $30,000. Godsey & Gibb Inc. raised its stake in 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 acquiring an additional 34 shares during the period. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at about $31,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at about $31,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Price Performance

GS traded down $12.04 during midday trading on Friday, hitting $613.07. The stock had a trading volume of 1,245,683 shares, compared to its average volume of 2,367,635. The company has a market cap of $188.12 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The business has a fifty day moving average of $565.10 and a 200 day moving average of $583.47. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the prior year, the firm posted $11.58 earnings per share. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders 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 dividend yield of 1.96%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Citigroup decreased their price target 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. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. 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 on the stock in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company decreased their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $593.40.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 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.