The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.1% during the 1st quarter, HoldingsChannel reports. The firm owned 12,196 shares of the investment management company’s stock after purchasing an additional 475 shares during the period. Compagnie Lombard Odier SCmA’s holdings in The Goldman Sachs Group were worth $6,663,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of GS. GAMMA Investing LLC increased its position in The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock valued at $2,172,423,000 after acquiring an additional 3,970,467 shares during the period. Norges Bank acquired a new stake in The Goldman Sachs Group during the 4th quarter worth approximately $1,603,315,000. Castlekeep Investment Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $944,334,000. Raymond James Financial Inc. acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $624,844,000. Finally, Proficio Capital Partners LLC increased its holdings in shares of The Goldman Sachs Group by 14,007.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock valued at $606,815,000 after purchasing an additional 1,052,204 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 1.6%

Shares of The Goldman Sachs Group stock opened at $624.49 on Thursday. The company has a 50-day moving average of $561.88 and a two-hundred day moving average of $583.31. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market cap of $191.62 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the prior year, the firm posted $11.58 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 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 Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GS. Daiwa America lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Wells Fargo & Company cut their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Evercore ISI reduced their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a research note on Monday, April 7th. Finally, 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. Thirteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $593.40.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company 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.