The Goldman Sachs Group, Inc. (NYSE:GS) Stock Position Decreased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,051,057 shares of the investment management company’s stock after selling 15,132 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in The Goldman Sachs Group were worth $439,016,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GS. International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group during the 1st quarter worth $1,903,374,000. Norges Bank acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $1,120,119,000. Wellington Management Group LLP boosted its position in shares of The Goldman Sachs Group by 27.0% in the fourth quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock worth $842,597,000 after buying an additional 464,954 shares during the period. Morgan Stanley boosted its position in shares of The Goldman Sachs Group by 7.8% in the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after buying an additional 412,383 shares during the period. Finally, Capital World Investors boosted its position in shares of The Goldman Sachs Group by 6.0% in the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock worth $2,319,470,000 after buying an additional 338,181 shares during the period. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $1.15 during trading on Wednesday, reaching $466.76. The company’s stock had a trading volume of 220,997 shares, compared to its average volume of 2,274,513. 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 business’s fifty day moving average price is $450.78 and its 200-day moving average price is $411.69. The firm has a market cap of $150.51 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 0.91 and a beta of 1.37. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $471.48.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $8.79 earnings per share. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 36.49 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Wall Street Analyst Weigh In

Several analysts have recently commented on GS shares. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Bank of America raised their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. HSBC raised their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley reduced their price objective on The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating for the company in a research report on Thursday, June 27th. Finally, Keefe, Bruyette & Woods lifted their price objective on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $445.62.

Insider Buying and Selling

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

The Goldman Sachs Group Company 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.