Yacktman Asset Management LP Has $4.85 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Yacktman Asset Management LP lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 91.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,873 shares of the investment management company's stock after selling 101,321 shares during the period. Yacktman Asset Management LP's holdings in The Goldman Sachs Group were worth $4,847,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. American Capital Advisory LLC bought a new position in shares of The Goldman Sachs Group in the first quarter valued at about $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Godsey & Gibb Inc. lifted its position 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 worth $30,000 after purchasing an additional 34 shares during the period. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in The Goldman Sachs Group during the fourth quarter worth $31,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of GS traded down $0.44 during mid-day trading on Wednesday, hitting $696.84. The company's stock had a trading volume of 1,763,240 shares, compared to its average volume of 2,401,895. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The firm has a 50-day simple moving average of $623.32 and a 200 day simple moving average of $593.89. The firm has a market capitalization of $213.82 billion, a P/E ratio of 16.17, a P/E/G ratio of 0.97 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released 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 company had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period in the previous year, the firm posted $11.58 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GS shares. 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 research note on Tuesday, April 8th. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a research note on Monday, June 23rd. Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $630.00 to $715.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a report on Friday, April 4th. Finally, Barclays cut their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $614.00.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director directly owned 3,904 shares of the company's stock, valued at $1,997,598.72. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.