Quantinno Capital Management LP Buys 7,896 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Quantinno Capital Management LP boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 22.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,327 shares of the investment management company's stock after buying an additional 7,896 shares during the period. Quantinno Capital Management LP's holdings in The Goldman Sachs Group were worth $24,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Fiduciary Alliance LLC boosted its holdings in The Goldman Sachs Group by 53.3% in the 4th quarter. Fiduciary Alliance LLC now owns 1,269 shares of the investment management company's stock valued at $727,000 after purchasing an additional 441 shares during the period. CHICAGO TRUST Co NA boosted its holdings in The Goldman Sachs Group by 3.6% in the 4th quarter. CHICAGO TRUST Co NA now owns 953 shares of the investment management company's stock valued at $546,000 after purchasing an additional 33 shares during the period. Pallas Capital Advisors LLC boosted its holdings in The Goldman Sachs Group by 1.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 1,598 shares of the investment management company's stock valued at $915,000 after purchasing an additional 21 shares during the period. Benson Investment Management Company Inc. bought a new position in The Goldman Sachs Group in the 4th quarter valued at $5,905,000. Finally, Wright Investors Service Inc. boosted its holdings in The Goldman Sachs Group by 0.7% in the 4th quarter. Wright Investors Service Inc. now owns 3,772 shares of the investment management company's stock valued at $2,160,000 after purchasing an additional 26 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on GS. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Barclays cut their price target on shares of 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. Royal Bank of Canada cut their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. UBS Group upped their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Trading Up 0.5%

The Goldman Sachs Group stock traded up $3.01 during mid-day trading on Friday, hitting $618.91. The company's stock had a trading volume of 2,018,441 shares, compared to its average volume of 2,385,125. 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 stock has a market cap of $189.91 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The business has a 50 day moving average price of $539.36 and a 200-day moving average price of $578.37. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $11.58 earnings per share. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insider Activity

In other news, Director John B. Hess acquired 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.