Asset Dedication LLC boosted its position in Goldman Sachs Group Inc (NYSE:GS) by 31.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,001 shares of the investment management company’s stock after buying an additional 949 shares during the period. Asset Dedication LLC’s holdings in Goldman Sachs Group were worth $764,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Belpointe Asset Management LLC raised its stake in shares of Goldman Sachs Group by 10.6% during the 4th quarter. Belpointe Asset Management LLC now owns 3,465 shares of the investment management company’s stock worth $579,000 after buying an additional 333 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Goldman Sachs Group by 6.8% during the 4th quarter. Legal & General Group Plc now owns 1,739,119 shares of the investment management company’s stock worth $290,444,000 after buying an additional 110,588 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Goldman Sachs Group by 29.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 199,139 shares of the investment management company’s stock worth $32,466,000 after buying an additional 45,206 shares during the last quarter. Morgan Stanley raised its stake in shares of Goldman Sachs Group by 1.7% during the 3rd quarter. Morgan Stanley now owns 3,257,484 shares of the investment management company’s stock worth $730,458,000 after buying an additional 52,899 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. raised its stake in shares of Goldman Sachs Group by 9.7% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 666 shares of the investment management company’s stock worth $111,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 70.11% of the company’s stock.

In related news, EVP Dane E. Holmes sold 1,489 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total value of $295,283.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.41% of the company’s stock.

GS has been the subject of several research reports. Credit Suisse Group reaffirmed an “outperform” rating and set a $250.00 price target (down previously from $258.00) on shares of Goldman Sachs Group in a research note on Monday, December 24th. TheStreet downgraded Goldman Sachs Group from a “b-” rating to a “c+” rating in a research note on Wednesday, December 26th. Zacks Investment Research reaffirmed a “hold” rating on shares of Goldman Sachs Group in a research note on Monday, December 31st. Barclays reaffirmed an “equal weight” rating and set a $247.00 price target (down previously from $289.00) on shares of Goldman Sachs Group in a research note on Wednesday, January 2nd. Finally, Morgan Stanley cut their price target on Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $239.91.

Shares of GS stock opened at $205.91 on Friday. Goldman Sachs Group Inc has a twelve month low of $151.70 and a twelve month high of $256.16. The stock has a market capitalization of $75.52 billion, a P/E ratio of 8.15, a PEG ratio of 1.29 and a beta of 1.22. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.86 and a quick ratio of 0.92.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $5.71 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.97. Goldman Sachs Group had a net margin of 25.13% and a return on equity of 12.35%. The firm had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter in the previous year, the company posted $6.95 EPS. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. On average, analysts expect that Goldman Sachs Group Inc will post 22.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $0.85 dividend. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, May 29th. This represents a $3.40 annualized dividend and a yield of 1.65%. Goldman Sachs Group’s payout ratio is presently 12.66%.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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