Yousif Capital Management LLC Cuts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Yousif Capital Management LLC lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,029 shares of the investment management company's stock after selling 1,087 shares during the period. Yousif Capital Management LLC's holdings in The Goldman Sachs Group were worth $23,506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Asset Planning Inc purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $30,000. Mascagni Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. Finally, Godsey & Gibb Inc. boosted its stake in 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 valued at $30,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Trading Up 0.2%

GS stock traded up $0.96 during midday trading on Thursday, hitting $625.13. The company had a trading volume of 924,268 shares, compared to its average volume of 2,365,637. The stock has a market cap of $191.82 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock's 50 day moving average price is $561.88 and its 200 day moving average price is $583.31.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the prior year, the business posted $11.58 EPS. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The Goldman Sachs Group's dividend payout ratio is 27.85%.

Wall Street Analyst Weigh In

GS has been the topic of several recent analyst reports. Citigroup lowered their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Evercore ISI lowered their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a research note on Friday, April 4th. Finally, Barclays lowered 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. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $593.40.

Insider Activity

In other news, Director John B. Hess bought 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction 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. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company's stock.

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.