The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Raised by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 7.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,331 shares of the investment management company's stock after purchasing an additional 3,105 shares during the period. Wealthfront Advisers LLC's holdings in The Goldman Sachs Group were worth $24,218,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GS. Deutsche Bank AG increased its holdings in shares of The Goldman Sachs Group by 15.4% in the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock valued at $594,412,000 after acquiring an additional 138,198 shares during the last quarter. Baxter Bros Inc. increased its holdings in shares of The Goldman Sachs Group by 1.0% in the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock valued at $8,879,000 after acquiring an additional 151 shares during the last quarter. Clear Creek Financial Management LLC bought a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $321,000. Adams Diversified Equity Fund Inc. increased its holdings in shares of The Goldman Sachs Group by 41.5% in the 1st quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock valued at $27,205,000 after acquiring an additional 14,600 shares during the last quarter. Finally, Terra Nova Asset Management LLC bought a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $1,643,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GS shares. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the company an "outperform" rating in a report on Thursday, July 10th. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a "market perform" rating in a research note on Thursday. Wells Fargo & Company upped their price objective on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus target price of $649.29.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded up $2.16 during trading on Friday, hitting $708.00. The stock had a trading volume of 1,228,400 shares, compared to its average volume of 2,366,331. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.12 and a quick ratio of 0.68. The firm has a market cap of $217.24 billion, a P/E ratio of 15.61, a PEG ratio of 0.97 and a beta of 1.35. The business has a fifty day moving average of $644.19 and a two-hundred day moving average of $599.95. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The business had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the prior year, the business posted $8.62 earnings per share. The Goldman Sachs Group's revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be issued a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a dividend yield of 2.26%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

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.