Goldman Sachs Group Inc (NYSE:GS) Shares Bought by First Hawaiian Bank

First Hawaiian Bank raised its holdings in Goldman Sachs Group Inc (NYSE:GS) by 28.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,321 shares of the investment management company’s stock after acquiring an additional 1,609 shares during the period. First Hawaiian Bank’s holdings in Goldman Sachs Group were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of GS. Bank of New York Mellon Corp grew its holdings in Goldman Sachs Group by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,316,799 shares of the investment management company’s stock worth $743,759,000 after acquiring an additional 53,563 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Goldman Sachs Group by 28.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,203 shares of the investment management company’s stock worth $4,982,000 after acquiring an additional 4,911 shares during the period. GAM Holding AG grew its holdings in Goldman Sachs Group by 14.6% during the 3rd quarter. GAM Holding AG now owns 6,923 shares of the investment management company’s stock worth $1,552,000 after acquiring an additional 883 shares during the period. C M Bidwell & Associates Ltd. grew its holdings in Goldman Sachs Group by 15,166.7% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 1,832 shares of the investment management company’s stock worth $411,000 after acquiring an additional 1,820 shares during the period. Finally, Utah Retirement Systems grew its holdings in Goldman Sachs Group by 0.5% during the 3rd quarter. Utah Retirement Systems now owns 65,788 shares of the investment management company’s stock worth $14,753,000 after acquiring an additional 300 shares during the period. 70.26% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently commented on the company. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 5th. Wells Fargo & Co restated a “buy” rating and issued a $250.00 target price (up from $235.00) on shares of Goldman Sachs Group in a research note on Wednesday, January 16th. JPMorgan Chase & Co. restated a “buy” rating and issued a $235.00 target price on shares of Goldman Sachs Group in a research note on Tuesday, April 16th. Morgan Stanley reduced their target price on Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $247.00 price target (down previously from $289.00) on shares of Goldman Sachs Group in a research report on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $239.91.

NYSE GS traded up $1.68 during trading hours on Friday, hitting $203.08. The company’s stock had a trading volume of 1,543,100 shares, compared to its average volume of 3,261,979. Goldman Sachs Group Inc has a 52 week low of $151.70 and a 52 week high of $245.88. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.92 and a current ratio of 0.86. The stock has a market cap of $74.87 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.31 and a beta of 1.22.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.74 by $0.97. The firm had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.89 billion. Goldman Sachs Group had a net margin of 25.13% and a return on equity of 12.35%. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $6.95 EPS. On average, sell-side analysts predict that Goldman Sachs Group Inc will post 23.18 EPS for the current year.

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 issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Wednesday, May 29th. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s payout ratio is 12.66%.

In related news, EVP Dane E. Holmes sold 1,489 shares of Goldman Sachs Group stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total value of $295,283.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.41% of the company’s stock.

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Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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