Yacktman Asset Management LP lowered its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,000 shares of the investment management company’s stock after selling 1,000 shares during the quarter. Goldman Sachs Group accounts for about 0.4% of Yacktman Asset Management LP’s portfolio, making the stock its 28th largest position. Yacktman Asset Management LP’s holdings in Goldman Sachs Group were worth $35,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of GS. Alpha Windward LLC grew its holdings in shares of Goldman Sachs Group by 24.2% during the fourth quarter. Alpha Windward LLC now owns 1,062 shares of the investment management company’s stock worth $271,000 after purchasing an additional 207 shares during the last quarter. Segment Wealth Management LLC boosted its stake in shares of Goldman Sachs Group by 1.1% during the fourth quarter. Segment Wealth Management LLC now owns 19,279 shares of the investment management company’s stock worth $4,912,000 after buying an additional 210 shares during the period. Doyle Wealth Management boosted its stake in shares of Goldman Sachs Group by 0.5% during the fourth quarter. Doyle Wealth Management now owns 46,078 shares of the investment management company’s stock worth $11,739,000 after buying an additional 211 shares during the period. Bradley Foster & Sargent Inc. CT boosted its stake in shares of Goldman Sachs Group by 13.1% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 1,816 shares of the investment management company’s stock worth $457,000 after buying an additional 211 shares during the period. Finally, Quadrant Capital Management LLC boosted its stake in shares of Goldman Sachs Group by 1.7% during the fourth quarter. Quadrant Capital Management LLC now owns 12,807 shares of the investment management company’s stock worth $3,263,000 after buying an additional 215 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

GS opened at $228.35 on Friday. The stock has a market capitalization of $86.56 billion, a PE ratio of 11.56, a P/E/G ratio of 0.79 and a beta of 1.38. Goldman Sachs Group Inc has a 1-year low of $211.91 and a 1-year high of $275.31. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.12.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, April 17th. The investment management company reported $6.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.58 by $1.37. Goldman Sachs Group had a net margin of 14.27% and a return on equity of 12.58%. The company had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the previous year, the firm earned $5.15 EPS. The company’s revenue was up 25.0% on a year-over-year basis. equities analysts expect that Goldman Sachs Group Inc will post 23.27 EPS for the current year.

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

A number of equities research analysts recently commented on GS shares. Zacks Investment Research cut shares of Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 22nd. ValuEngine cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Goldman Sachs Group in a research note on Wednesday, April 18th. Credit Suisse Group lifted their target price on shares of Goldman Sachs Group from $274.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 18th. Finally, Oppenheimer lifted their price target on shares of Goldman Sachs Group from $280.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, April 18th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $266.78.

In related news, insider David M. Solomon sold 3,497 shares of the business’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $244.40, for a total transaction of $854,666.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.57% of the stock is owned by corporate insiders.

About Goldman Sachs Group

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.

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

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