The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,174 shares of the investment management company’s stock after buying an additional 5,864 shares during the quarter. IFM Investors Pty Ltd’s holdings in The Goldman Sachs Group were worth $35,604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Capital Advisory LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at approximately $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at $30,000. Godsey & Gibb Inc. increased its position in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after buying an additional 34 shares in the last quarter. Transce3nd LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $725.05 on Friday. The firm has a fifty day moving average of $613.48 and a 200-day moving average of $590.57. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $726.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $222.47 billion, a P/E ratio of 16.83, a PEG ratio of 0.98 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results 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 business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period last year, the business posted $11.58 EPS. As a group, analysts predict 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 was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were paid a dividend of $3.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.66%. The Goldman Sachs Group’s dividend payout ratio is currently 27.85%.

Analysts Set New Price Targets

GS has been the subject of several analyst reports. Daiwa America downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price target for the company. in a report on Friday, April 4th. Citigroup reduced their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. JMP Securities decreased their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley boosted their price target on The Goldman Sachs Group from $570.00 to $592.00 and gave the company an “equal weight” rating in a report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $603.73.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director owned 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through 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.