The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp raised its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 155.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,511 shares of the investment management company's stock after purchasing an additional 77,541 shares during the period. Fifth Third Bancorp's holdings in The Goldman Sachs Group were worth $53,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Powell Investment Advisors LLC increased its holdings in The Goldman Sachs Group by 0.7% during the 1st quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company's stock valued at $1,603,000 after acquiring an additional 25 shares in the last quarter. Dumont & Blake Investment Advisors LLC increased its holdings in The Goldman Sachs Group by 1.1% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company's stock valued at $944,000 after acquiring an additional 25 shares in the last quarter. Optas LLC increased its holdings in The Goldman Sachs Group by 2.4% during the 1st quarter. Optas LLC now owns 1,072 shares of the investment management company's stock valued at $448,000 after acquiring an additional 25 shares in the last quarter. Regatta Capital Group LLC increased its holdings in The Goldman Sachs Group by 2.2% during the 1st quarter. Regatta Capital Group LLC now owns 1,166 shares of the investment management company's stock valued at $487,000 after acquiring an additional 25 shares in the last quarter. Finally, WNY Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 1.6% during the fourth quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company's stock worth $628,000 after buying an additional 26 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group lifted their price target on shares of The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a "buy" rating in a report on Tuesday, January 9th. BMO Capital Markets lifted their price target on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a "market perform" rating in a report on Tuesday, April 16th. JMP Securities lifted their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a "market outperform" rating in a report on Tuesday, April 9th. Edward Jones assumed coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They set a "buy" rating for the company. Finally, Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an "outperform" rating in a report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $437.04.

The Goldman Sachs Group Trading Up 1.3 %

GS stock traded up $5.62 during midday trading on Thursday, reaching $432.57. 2,078,662 shares of the company's stock traded hands, compared to its average volume of 2,375,807. The company has a market capitalization of $140.38 billion, a P/E ratio of 16.89, a PEG ratio of 1.35 and a beta of 1.40. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $433.65. The business has a 50-day moving average price of $403.65 and a two-hundred day moving average price of $373.37.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts' consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to analysts' expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The Goldman Sachs Group's revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $8.79 earnings per share. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 35.86 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.54%. The Goldman Sachs Group's payout ratio is currently 42.95%.

Insider Transactions at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the business's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares of the company's stock, valued at $269,475,456.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now directly owns 29,417 shares of the company's stock, valued at $11,602,947.31. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David A. Viniar sold 5,000 shares of the company's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,330 shares of company stock valued at $11,713,578. Corporate insiders own 0.54% 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.

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