Norinchukin Bank The Sells 2,362 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Norinchukin Bank The cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,381 shares of the investment management company’s stock after selling 2,362 shares during the period. Norinchukin Bank The’s holdings in The Goldman Sachs Group were worth $10,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GS. Price T Rowe Associates Inc. MD lifted its holdings in The Goldman Sachs Group by 61.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,440,527 shares of the investment management company’s stock worth $3,544,390,000 after buying an additional 5,115,450 shares in the last quarter. Norges Bank acquired a new position in The Goldman Sachs Group during the 4th quarter worth $451,166,000. Cibc World Markets Corp lifted its holdings in The Goldman Sachs Group by 824.2% during the 4th quarter. Cibc World Markets Corp now owns 1,669,368 shares of the investment management company’s stock worth $440,229,000 after buying an additional 1,488,745 shares in the last quarter. Jennison Associates LLC lifted its holdings in The Goldman Sachs Group by 211.2% during the 1st quarter. Jennison Associates LLC now owns 2,049,055 shares of the investment management company’s stock worth $670,041,000 after buying an additional 1,390,627 shares in the last quarter. Finally, Boston Partners lifted its holdings in The Goldman Sachs Group by 148.4% during the 4th quarter. Boston Partners now owns 1,576,561 shares of the investment management company’s stock worth $415,755,000 after buying an additional 941,896 shares in the last quarter. Institutional investors and hedge funds own 71.29% of the company’s stock.

GS has been the topic of several research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on The Goldman Sachs Group from $390.00 to $410.00 in a report on Friday, April 23rd. BMO Capital Markets upped their price objective on The Goldman Sachs Group from $409.00 to $432.00 and gave the stock an “outperform” rating in a report on Friday, April 16th. Jefferies Financial Group began coverage on The Goldman Sachs Group in a research note on Wednesday. They issued a “buy” rating and a $450.00 price target on the stock. DA Davidson increased their price target on The Goldman Sachs Group from $347.00 to $378.00 and gave the company a “neutral” rating in a research note on Thursday, April 15th. Finally, Morgan Stanley increased their price target on The Goldman Sachs Group from $304.00 to $332.00 and gave the company an “underweight” rating in a research note on Monday, March 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company’s stock. The Goldman Sachs Group has a consensus rating of “Buy” and an average price target of $371.23.

GS stock opened at $373.94 on Friday. The business’s 50-day moving average price is $355.54. The company has a market cap of $127.05 billion, a PE ratio of 8.02, a PEG ratio of 0.35 and a beta of 1.49. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.81 and a current ratio of 0.81. The Goldman Sachs Group, Inc. has a 1 year low of $185.52 and a 1 year high of $393.26.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, April 13th. The investment management company reported $18.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $10.22 by $8.38. The firm had revenue of $17.70 billion during the quarter, compared to analysts’ expectations of $11.74 billion. The Goldman Sachs Group had a return on equity of 20.64% and a net margin of 28.40%. The company’s revenue was up 102.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.11 EPS. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 43.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 29th. Shareholders of record on Tuesday, June 1st will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, May 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 14.60%.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc, a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

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

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