Meiji Yasuda Life Insurance Co Boosts Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Meiji Yasuda Life Insurance Co raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,996 shares of the investment management company's stock after buying an additional 1,000 shares during the quarter. Meiji Yasuda Life Insurance Co's holdings in The Goldman Sachs Group were worth $14,313,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Anchor Investment Management LLC lifted its stake in shares of The Goldman Sachs Group by 29.1% in the 3rd quarter. Anchor Investment Management LLC now owns 4,230 shares of the investment management company's stock valued at $2,094,000 after purchasing an additional 953 shares during the last quarter. World Investment Advisors LLC lifted its holdings in The Goldman Sachs Group by 15.2% during the 3rd quarter. World Investment Advisors LLC now owns 4,185 shares of the investment management company's stock worth $2,072,000 after buying an additional 552 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in The Goldman Sachs Group by 18.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,563 shares of the investment management company's stock worth $4,240,000 after purchasing an additional 1,351 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of The Goldman Sachs Group by 6.3% in the 3rd quarter. Tidal Investments LLC now owns 11,691 shares of the investment management company's stock valued at $5,788,000 after buying an additional 688 shares in the last quarter. Finally, Synovus Financial Corp grew its position in shares of The Goldman Sachs Group by 4.7% in the 3rd quarter. Synovus Financial Corp now owns 15,998 shares of the investment management company's stock valued at $7,920,000 after buying an additional 724 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citigroup decreased 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 note on Monday, March 24th. JPMorgan Chase & Co. decreased their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. JMP Securities dropped their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Barclays decreased their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Evercore ISI dropped their price objective 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. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded down $6.69 during mid-day trading on Monday, reaching $559.41. The company had a trading volume of 2,196,793 shares, compared to its average volume of 2,372,313. The stock's 50-day simple moving average is $540.70 and its 200-day simple moving average is $575.44. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $174.56 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) 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 net margin of 11.32% and a return on equity of 13.30%. During the same quarter in the previous year, the business posted $11.58 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's payout ratio is currently 27.85%.

Insider Buying and Selling

In other news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction on 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 directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

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.