Robeco Institutional Asset Management B.V. Grows Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Robeco Institutional Asset Management B.V. lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 20.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,913 shares of the investment management company’s stock after purchasing an additional 39,157 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of The Goldman Sachs Group worth $125,599,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $30,000. Mascagni Wealth Management Inc. bought a new position in The Goldman Sachs Group in the 4th quarter worth about $31,000. Transce3nd LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at about $31,000. Godsey & Gibb Inc. increased its stake in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 34 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in The Goldman Sachs Group in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $669.87 on Thursday. The company has a 50-day moving average price of $591.14 and a 200-day moving average price of $585.75. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. 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 $205.54 billion, a P/E ratio of 15.55, a PEG ratio of 0.90 and a beta of 1.32.

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 analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same period in the prior year, the company earned $11.58 earnings per share. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.79%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

Insider Buying and Selling

In other news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director now owns 3,904 shares of the company’s stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada cut their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 15th. Daiwa America cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. JMP Securities reduced their target price 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. JPMorgan Chase & Co. decreased their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company lowered their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $595.67.

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.