BI Asset Management Fondsmaeglerselskab A S Acquires 2,103 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

BI Asset Management Fondsmaeglerselskab A S raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 34.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,256 shares of the investment management company’s stock after acquiring an additional 2,103 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in The Goldman Sachs Group were worth $3,448,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. RiverPark Advisors LLC bought a new position in The Goldman Sachs Group in the first quarter valued at about $45,000. Central Pacific Bank Trust Division bought a new stake in shares of The Goldman Sachs Group during the first quarter worth about $2,047,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of The Goldman Sachs Group by 2.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 34,630 shares of the investment management company’s stock worth $14,464,000 after purchasing an additional 953 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of The Goldman Sachs Group by 0.6% during the first quarter. Whittier Trust Co. now owns 70,826 shares of the investment management company’s stock worth $29,583,000 after purchasing an additional 439 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 11.2% during the first quarter. Mutual Advisors LLC now owns 5,661 shares of the investment management company’s stock worth $2,365,000 after purchasing an additional 568 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.3 %

Shares of The Goldman Sachs Group stock traded up $1.44 on Wednesday, reaching $474.27. 444,533 shares of the company’s stock were exchanged, compared to its average volume of 2,277,971. The company has a market capitalization of $152.93 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 0.94 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $479.30. The firm’s 50-day moving average is $455.83 and its two-hundred day moving average is $415.39. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same period last year, the business earned $8.79 EPS. The Goldman Sachs Group’s quarterly revenue was up 16.1% compared to the same quarter last year. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 36.63 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insider Buying and Selling

In related news, 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 value of $25,360,000.00. Following the transaction, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GS shares. Morgan Stanley reduced their price target on The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a report on Tuesday, April 16th. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $410.00 to $430.00 in a report on Thursday, March 14th. Oppenheimer boosted their price target on The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Finally, Evercore ISI increased their target price on shares of The Goldman Sachs Group from $440.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, July 3rd. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $450.62.

About The Goldman Sachs Group

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.