Zurich Insurance Group Ltd FI Acquires 37,052 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Zurich Insurance Group Ltd FI raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 41.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,387 shares of the investment management company's stock after purchasing an additional 37,052 shares during the period. Zurich Insurance Group Ltd FI's holdings in The Goldman Sachs Group were worth $71,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GS. Stephens Consulting LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $26,000. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Transce3nd LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $34,000. Institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Trading Down 1.1%

Shares of NYSE GS opened at $611.93 on Tuesday. 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, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The firm has a 50 day moving average price of $542.64 and a two-hundred day moving average price of $580.48. The stock has a market cap of $187.77 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same period in the prior year, the company posted $11.58 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now 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 SEC, which is available at this hyperlink. Corporate insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Daiwa Capital Markets downgraded 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 report on Friday, April 4th. Wells Fargo & Company lowered their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Barclays lowered their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Citigroup lowered their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $593.40.

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.