The Goldman Sachs Group, Inc. (NYSE:GS) Position Boosted by Wright Investors Service Inc.

Wright Investors Service Inc. lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 24.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,709 shares of the investment management company's stock after acquiring an additional 937 shares during the period. Wright Investors Service Inc.'s holdings in The Goldman Sachs Group were worth $2,572,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Czech National Bank boosted its stake in shares of The Goldman Sachs Group by 5.3% during the 1st quarter. Czech National Bank now owns 71,670 shares of the investment management company's stock valued at $39,153,000 after buying an additional 3,608 shares during the last quarter. JGP Wealth Management LLC purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at approximately $215,000. 180 Wealth Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 70.1% during the 1st quarter. 180 Wealth Advisors LLC now owns 5,129 shares of the investment management company's stock valued at $2,802,000 after buying an additional 2,114 shares during the last quarter. Mirador Capital Partners LP bought a new position in The Goldman Sachs Group during the first quarter worth $3,307,000. Finally, Sanders Morris Harris LLC lifted its stake in The Goldman Sachs Group by 103.8% during the first quarter. Sanders Morris Harris LLC now owns 11,782 shares of the investment management company's stock worth $6,462,000 after purchasing an additional 6,000 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Up 0.9%

GS traded up $5.40 during trading on Tuesday, reaching $604.12. The company had a trading volume of 1,729,693 shares, compared to its average volume of 2,372,601. The firm's 50-day simple moving average is $551.19 and its 200 day simple moving average is $582.20. The company has a market cap of $185.37 billion, a price-to-earnings ratio of 14.90, a PEG 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 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 (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to analysts' expectations 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 last year, the business posted $11.58 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.99%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the stock in a transaction on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GS shares. JPMorgan Chase & Co. cut their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Citigroup cut their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Daiwa Capital Markets cut 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. JMP Securities cut their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $593.40.

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.