North Point Portfolio Managers Corp OH boosted its stake in Goldman Sachs Group Inc (NYSE:GS) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,340 shares of the investment management company’s stock after buying an additional 1,164 shares during the period. Goldman Sachs Group accounts for about 2.7% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 12th largest position. North Point Portfolio Managers Corp OH’s holdings in Goldman Sachs Group were worth $15,240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Goldman Sachs Group by 8.8% in the fourth quarter. State Street Corp now owns 22,248,179 shares of the investment management company’s stock worth $5,327,337,000 after buying an additional 1,792,820 shares during the last quarter. Dodge & Cox acquired a new stake in Goldman Sachs Group during the fourth quarter worth $3,399,521,000. FMR LLC boosted its stake in shares of Goldman Sachs Group by 60.2% in the fourth quarter. FMR LLC now owns 9,910,801 shares of the investment management company’s stock worth $2,373,141,000 after buying an additional 3,722,471 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Goldman Sachs Group by 237.3% in the third quarter. Jennison Associates LLC now owns 4,371,336 shares of the investment management company’s stock worth $704,965,000 after buying an additional 3,075,277 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Goldman Sachs Group by 14.3% in the third quarter. Capital Research Global Investors now owns 4,332,683 shares of the investment management company’s stock worth $698,732,000 after buying an additional 542,966 shares in the last quarter. Institutional investors own 72.77% of the company’s stock.

Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

Goldman Sachs Group Inc (NYSE:GS) traded up 0.73% during mid-day trading on Friday, hitting $216.74. The stock had a trading volume of 1,596,363 shares. The company has a 50 day moving average price of $224.46 and a 200-day moving average price of $229.97. Goldman Sachs Group Inc has a one year low of $138.20 and a one year high of $255.15. The company has a market cap of $88.71 billion, a price-to-earnings ratio of 11.53 and a beta of 1.50. Goldman Sachs Group also was the target of some unusual options trading activity on Wednesday. Stock traders bought 40,220 call options on the stock. This is an increase of 213% compared to the average daily volume of 12,864 call options.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, April 18th. The investment management company reported $5.15 EPS for the quarter, missing the consensus estimate of $5.31 by $0.16. Goldman Sachs Group had a net margin of 24.17% and a return on equity of 9.78%. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $8.33 billion. During the same period in the prior year, the company earned $2.68 earnings per share. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. Equities analysts expect that Goldman Sachs Group Inc will post $19.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 1st will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.39%. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.65. Goldman Sachs Group’s payout ratio is currently 15.89%.

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Several equities analysts have recently issued reports on GS shares. Royal Bank of Canada decreased their price objective on Goldman Sachs Group to $250.00 and set a “neutral” rating for the company in a report on Tuesday, April 18th. Credit Suisse Group AG restated a “buy” rating on shares of Goldman Sachs Group in a research note on Wednesday, April 19th. Rafferty Capital Markets lowered Goldman Sachs Group from a “buy” rating to a “hold” rating and cut their price target for the company from $288.00 to $221.00 in a research note on Tuesday, April 18th. Vetr lowered Goldman Sachs Group from a “sell” rating to a “strong sell” rating and set a $191.87 price target for the company. in a research note on Monday, April 24th. Finally, Citigroup Inc upgraded Goldman Sachs Group from a “sell” rating to a “neutral” rating and set a $225.00 price target for the company in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $234.65.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

5 Day Chart for NYSE:GS

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