Robeco Institutional Asset Management B.V. Purchases 39,157 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Robeco Institutional Asset Management B.V. raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.5% during the first quarter, Holdings Channel.com reports. The fund owned 229,913 shares of the investment management company’s stock after buying an additional 39,157 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in The Goldman Sachs Group were worth $125,599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Curio Wealth LLC bought a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $30,000. Godsey & Gibb Inc. boosted its stake in The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after purchasing an additional 34 shares during the period. Transce3nd LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. Mascagni Wealth Management Inc. purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $34,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $669.87 on Thursday. The company has a market cap of $205.54 billion, a P/E ratio of 15.55, a P/E/G ratio of 0.90 and a beta of 1.32. The business’s 50 day moving average price is $591.14 and its 200-day moving average price is $585.75. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the firm posted $11.58 earnings per share. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.79%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the purchase, the director now owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GS shares. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Royal Bank Of Canada reduced their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 15th. Oppenheimer downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Finally, Wall Street Zen cut The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $595.67.

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.