Blue Square Asset Management LLC Decreases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Blue Square Asset Management LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,564 shares of the investment management company’s stock after selling 95 shares during the quarter. The Goldman Sachs Group comprises about 1.9% of Blue Square Asset Management LLC’s holdings, making the stock its 20th biggest holding. Blue Square Asset Management LLC’s holdings in The Goldman Sachs Group were worth $3,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of The Goldman Sachs Group by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company’s stock worth $3,761,576,000 after buying an additional 161,500 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of The Goldman Sachs Group by 63,864.7% during the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock worth $2,172,423,000 after buying an additional 3,970,467 shares during the last quarter. FMR LLC lifted its position in shares of The Goldman Sachs Group by 23.7% during the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company’s stock worth $2,053,614,000 after buying an additional 687,711 shares during the last quarter. Northern Trust Corp lifted its position in shares of The Goldman Sachs Group by 15.0% during the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company’s stock worth $1,885,454,000 after buying an additional 428,502 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $1,766,238,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director owned 3,904 shares of the company’s stock, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 0.7%

Shares of GS stock opened at $704.11 on Friday. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. The firm’s 50-day simple moving average is $632.13 and its 200-day simple moving average is $596.39. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $216.05 billion, a P/E ratio of 16.34, a PEG ratio of 0.97 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly 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 firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same quarter last year, the firm posted $11.58 earnings per share. As a group, equities 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 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 1.70%. The Goldman Sachs Group’s dividend payout ratio is currently 27.85%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GS. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday. 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 research report on Friday, April 4th. Wall Street Zen raised shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley reissued an “equal weight” rating on shares of The Goldman Sachs Group in a research note on Thursday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of The Goldman Sachs Group in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $614.00.

The Goldman Sachs Group 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.