DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 214.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,294,084 shares of the investment management company’s stock after acquiring an additional 882,099 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in The Goldman Sachs Group were worth $741,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of GS. Colonial Trust Co SC raised its stake in shares of The Goldman Sachs Group by 2.9% in the fourth quarter. Colonial Trust Co SC now owns 11,225 shares of the investment management company’s stock valued at $6,428,000 after acquiring an additional 319 shares during the period. Cetera Investment Advisers boosted its position in shares of The Goldman Sachs Group by 6.1% during the fourth quarter. Cetera Investment Advisers now owns 78,193 shares of the investment management company’s stock valued at $44,775,000 after buying an additional 4,500 shares during the period. Captrust Financial Advisors raised its holdings in shares of The Goldman Sachs Group by 9.5% in the fourth quarter. Captrust Financial Advisors now owns 48,258 shares of the investment management company’s stock worth $27,633,000 after buying an additional 4,191 shares during the period. Cary Street Partners Financial LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth approximately $9,960,000. Finally, Castlekeep Investment Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $944,334,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 0.5 %

NYSE:GS opened at $551.99 on Thursday. The firm has a market capitalization of $172.24 billion, a P/E ratio of 13.61, a PEG ratio of 0.89 and a beta of 1.32. The company’s fifty day moving average price is $536.95 and its 200-day moving average price is $575.31. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same period in the previous year, the business posted $11.58 EPS. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.17%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent analyst reports. Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. JPMorgan Chase & Co. decreased their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective for the company. in a research report on Friday, April 4th. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Finally, JMP Securities lowered their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $593.40.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.55% of the company’s stock.

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.