Ontario Teachers Pension Plan Board decreased its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 5.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,959 shares of the investment management company’s stock after selling 1,415 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Goldman Sachs Group were worth $6,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in Goldman Sachs Group by 1.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,401,280 shares of the investment management company’s stock valued at $866,510,000 after purchasing an additional 51,853 shares during the period. Boston Partners grew its position in Goldman Sachs Group by 3.4% in the 1st quarter. Boston Partners now owns 3,001,740 shares of the investment management company’s stock valued at $756,018,000 after purchasing an additional 98,736 shares during the period. Dimensional Fund Advisors LP grew its position in Goldman Sachs Group by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,565,582 shares of the investment management company’s stock valued at $646,167,000 after purchasing an additional 12,669 shares during the period. TIAA CREF Investment Management LLC grew its position in Goldman Sachs Group by 116.3% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,529,469 shares of the investment management company’s stock valued at $644,408,000 after purchasing an additional 1,360,046 shares during the period. Finally, OppenheimerFunds Inc. grew its position in Goldman Sachs Group by 9.2% in the 1st quarter. OppenheimerFunds Inc. now owns 1,981,020 shares of the investment management company’s stock valued at $498,940,000 after purchasing an additional 166,434 shares during the period. 72.42% of the stock is owned by institutional investors.

Several research firms recently issued reports on GS. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 22nd. BMO Capital Markets reissued a “hold” rating and issued a $245.00 price target (up previously from $221.00) on shares of Goldman Sachs Group in a research report on Wednesday, April 18th. Buckingham Research lifted their price target on shares of Goldman Sachs Group from $285.00 to $292.00 and gave the company a “neutral” rating in a research report on Tuesday, April 17th. ValuEngine downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 21st. Finally, Credit Suisse Group lifted their price target on shares of Goldman Sachs Group from $274.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, April 18th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $266.78.

In other Goldman Sachs Group news, insider David M. Solomon sold 3,497 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $244.40, for a total transaction of $854,666.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.57% of the stock is currently owned by company insiders.

Shares of Goldman Sachs Group opened at $228.35 on Friday, Marketbeat Ratings reports. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.12. Goldman Sachs Group Inc has a 1-year low of $211.91 and a 1-year high of $275.31. The firm has a market cap of $86.56 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 0.79 and a beta of 1.38.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, April 17th. The investment management company reported $6.95 earnings per share for the quarter, beating the consensus estimate of $5.58 by $1.37. Goldman Sachs Group had a return on equity of 12.58% and a net margin of 14.27%. The business had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same period last year, the business earned $5.15 EPS. The business’s revenue was up 25.0% on a year-over-year basis. sell-side analysts forecast that Goldman Sachs Group Inc will post 23.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 1.40%. Goldman Sachs Group’s dividend payout ratio (DPR) is 16.19%.

Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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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