Vontobel Holding Ltd. Acquires 9,934 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Vontobel Holding Ltd. lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 35.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,869 shares of the investment management company's stock after purchasing an additional 9,934 shares during the quarter. Vontobel Holding Ltd.'s holdings in The Goldman Sachs Group were worth $20,687,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Curio Wealth LLC bought a new position in The Goldman Sachs Group in the 4th quarter valued at $30,000. Godsey & Gibb Inc. lifted its position in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after purchasing an additional 34 shares in the last quarter. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. Mascagni Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. Finally, Lowe Wealth Advisors LLC increased its stake in shares of The Goldman Sachs Group by 326.7% in the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock valued at $35,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other 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 acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director owned 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $5.92 during mid-day trading on Thursday, hitting $721.81. 763,357 shares of the company's stock traded hands, compared to its average volume of 2,387,686. 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 firm has a 50 day simple moving average of $609.88 and a two-hundred day simple moving average of $589.61. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $725.87. The stock has a market cap of $221.48 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 0.96 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted 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 net margin of 11.86% and a return on equity of 13.76%. The company had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter last 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of recent analyst reports. Evercore ISI upped their price target on The Goldman Sachs Group from $630.00 to $715.00 and gave the company an "outperform" rating in a research note on Wednesday. Morgan Stanley boosted their price target on The Goldman Sachs Group from $570.00 to $592.00 and gave the company an "equal weight" rating in a report on Monday, June 23rd. JMP Securities reduced their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Daiwa Capital Markets cut 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $603.73.

The Goldman Sachs Group Company 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.