The Goldman Sachs Group, Inc. (NYSE:GS) Stock Position Raised by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank has increased its stake in The Goldman Sachs Group by purchasing an additional 4,087 shares, growing its position to a total of 137,800 shares valued at approximately $75.3 million.
• Several institutional investors have also made significant changes to their holdings in Goldman Sachs, with GAMMA Investing LLC increasing its stake by over 63,864%, now owning nearly 4 million shares valued at over $2 billion.
• The Goldman Sachs Group recently raised its quarterly dividend to $4.00 per share, up from $3.00, reflecting a strong financial position with a net margin of 12.37% and a year-over-year revenue increase of 14.5%.

Zurcher Kantonalbank Zurich Cantonalbank increased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 137,800 shares of the investment management company's stock after buying an additional 4,087 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in The Goldman Sachs Group were worth $75,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Deutsche Bank AG grew its position in The Goldman Sachs Group by 15.4% in the fourth 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 in the last quarter. Clear Creek Financial Management LLC acquired a new stake in The Goldman Sachs Group during the 1st quarter valued at $321,000. Adams Diversified Equity Fund Inc. increased its stake in The Goldman Sachs Group by 41.5% during the 1st quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company's stock worth $27,205,000 after buying an additional 14,600 shares during the period. Terra Nova Asset Management LLC acquired a new position in The Goldman Sachs Group in the 1st quarter worth $1,643,000. Finally, Strategic Blueprint LLC boosted its position in The Goldman Sachs Group by 15.2% in the 1st quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company's stock valued at $1,787,000 after buying an additional 432 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $1.74 on Wednesday, reaching $733.72. 659,014 shares of the company were exchanged, compared to its average volume of 2,617,073. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.68 and a current ratio of 1.12. The company's 50-day moving average is $662.35 and its two-hundred day moving average is $607.95. The firm has a market cap of $225.13 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 1.54 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 $737.88.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $13.53 billion. During the same period in the prior year, the company posted $8.62 EPS. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.18%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio is 26.44%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup lifted their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. JMP Securities reiterated a "market perform" rating and set a $600.00 target price on shares of The Goldman Sachs Group in a research note on Monday, July 14th. HSBC restated a "reduce" rating and issued a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $660.00.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the transaction, the chief executive officer directly owned 126,176 shares of the company's stock, valued at approximately $89,876,426.56. This trade represents a 4.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total value of $4,310,079.12. Following the transaction, the executive vice president directly owned 65,761 shares of the company's stock, valued at approximately $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,079 shares of company stock valued at $14,423,221. 0.55% of the stock is owned by corporate insiders.

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.