The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Czech National Bank

Czech National Bank lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,379 shares of the investment management company’s stock after acquiring an additional 253 shares during the quarter. Czech National Bank’s holdings in The Goldman Sachs Group were worth $23,967,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Montecito Bank & Trust increased its stake in shares of The Goldman Sachs Group by 2.6% during the first quarter. Montecito Bank & Trust now owns 2,363 shares of the investment management company’s stock worth $987,000 after acquiring an additional 60 shares during the period. Welch Group LLC boosted its holdings in The Goldman Sachs Group by 5.8% during the first quarter. Welch Group LLC now owns 14,810 shares of the investment management company’s stock worth $6,186,000 after buying an additional 809 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in The Goldman Sachs Group by 0.7% during the first quarter. Massmutual Trust Co. FSB ADV now owns 11,679 shares of the investment management company’s stock worth $4,878,000 after buying an additional 80 shares in the last quarter. Rise Advisors LLC boosted its holdings in The Goldman Sachs Group by 32.4% during the first quarter. Rise Advisors LLC now owns 695 shares of the investment management company’s stock worth $290,000 after buying an additional 170 shares in the last quarter. Finally, Bath Savings Trust Co purchased a new stake in The Goldman Sachs Group during the first quarter worth about $215,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 0.1 %

GS stock traded up $0.51 on Thursday, hitting $457.94. 2,080,473 shares of the company were exchanged, compared to its average volume of 2,280,160. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $471.48. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The business’s fifty day moving average is $443.33 and its two-hundred day moving average is $405.92. The stock has a market capitalization of $147.67 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same quarter in the prior year, the business posted $8.79 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 36.63 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.40%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Wells Fargo & Company boosted their price objective on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Finally, Bank of America upped their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $440.57.

Check Out Our Latest Report on The Goldman Sachs Group

Insider Buying and Selling

In other news, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Profile

(Free Report)

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.

See Also

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

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