Perkins Coie Trust Co Purchases Shares of 122 The Goldman Sachs Group, Inc. (NYSE:GS)

Perkins Coie Trust Co purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the first quarter, HoldingsChannel.com reports. The firm purchased 122 shares of the investment management company’s stock, valued at approximately $67,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its position in shares of The Goldman Sachs Group by 15.4% in the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company’s stock worth $594,412,000 after buying an additional 138,198 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after acquiring an additional 5,541 shares in the last quarter. Baxter Bros Inc. lifted its stake in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company’s stock worth $8,879,000 after acquiring an additional 151 shares in the last quarter. Erste Asset Management GmbH lifted its stake in shares of The Goldman Sachs Group by 5.9% in the fourth quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock worth $3,309,000 after acquiring an additional 320 shares in the last quarter. Finally, Atlas Legacy Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $356,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Up 1.4%

Shares of The Goldman Sachs Group stock opened at $614.49 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The business’s 50 day simple moving average is $555.71 and its 200-day simple moving average is $582.82. The stock has a market capitalization of $188.55 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period in the prior year, the firm earned $11.58 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s payout ratio is 27.85%.

Wall Street Analyst Weigh In

GS has been the topic of several recent analyst reports. Daiwa Capital Markets cut The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price target on the stock. in a research note on Friday, April 4th. Wells Fargo & Company cut their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Royal Bank of Canada cut their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 15th. JMP Securities cut their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Finally, Daiwa America cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Thirteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $593.40.

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.