Goldman Sachs Group Inc (NYSE:GS) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lessened its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 10.9% during the 1st quarter, Holdings Channel reports. The firm owned 7,978 shares of the investment management company’s stock after selling 980 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Goldman Sachs Group were worth $1,532,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GS. Capital Financial Planning LLC purchased a new stake in shares of Goldman Sachs Group in the fourth quarter worth about $26,000. Toth Financial Advisory Corp boosted its stake in shares of Goldman Sachs Group by 100.0% in the first quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. Liberty Wealth Management LLC purchased a new stake in shares of Goldman Sachs Group in the fourth quarter worth about $29,000. Loeb Partners Corp purchased a new stake in shares of Goldman Sachs Group in the fourth quarter worth about $33,000. Finally, Riverview Trust Co purchased a new stake in shares of Goldman Sachs Group in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Shares of Goldman Sachs Group stock traded down $3.79 during mid-day trading on Wednesday, reaching $190.94. 940,444 shares of the stock traded hands, compared to its average volume of 2,987,717. Goldman Sachs Group Inc has a fifty-two week low of $151.70 and a fifty-two week high of $245.08. The stock has a market capitalization of $71.02 billion, a P/E ratio of 7.56, a PEG ratio of 1.22 and a beta of 1.27. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.86 and a quick ratio of 0.86.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.97. Goldman Sachs Group had a return on equity of 12.79% and a net margin of 25.13%. The business had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.89 billion. During the same quarter in the prior year, the firm earned $6.95 earnings per share. The business’s revenue was down 12.6% compared to the same quarter last year. As a group, research analysts anticipate that Goldman Sachs Group Inc will post 23.18 EPS for the current fiscal 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 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, May 29th. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 13.45%.

A number of analysts have recently commented on the company. Odeon Capital Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. ValuEngine upgraded Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Bank of America reiterated a “hold” rating and set a $212.00 price target on shares of Goldman Sachs Group in a research report on Monday, April 15th. Finally, HSBC set a $202.00 price target on Goldman Sachs Group and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $239.91.

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About Goldman Sachs Group

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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