Davis R M Inc. Sells 59 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Davis R M Inc. lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,074 shares of the investment management company’s stock after selling 59 shares during the period. Davis R M Inc.’s holdings in The Goldman Sachs Group were worth $448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors boosted its holdings in The Goldman Sachs Group by 6.0% in the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock valued at $2,319,470,000 after acquiring an additional 338,181 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in The Goldman Sachs Group by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock valued at $2,128,693,000 after acquiring an additional 152,474 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in The Goldman Sachs Group by 0.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock valued at $2,004,153,000 after acquiring an additional 27,524 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in The Goldman Sachs Group by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock valued at $1,910,897,000 after acquiring an additional 274,989 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in The Goldman Sachs Group by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 4,895,928 shares of the investment management company’s stock valued at $2,044,980,000 after acquiring an additional 141,538 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on GS shares. HSBC upped their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. UBS Group boosted their price target on The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Barclays upped their target price on The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Bank of America upped their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada upped their target price on The Goldman Sachs Group from $435.00 to $500.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $484.59.

The Goldman Sachs Group Stock Performance

NYSE:GS traded up $6.26 during trading on Tuesday, reaching $493.30. The company’s stock had a trading volume of 1,218,120 shares, compared to its average volume of 2,319,413. The firm has a market cap of $159.07 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 0.98 and a beta of 1.37. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.12. The firm has a 50 day moving average of $463.78 and a 200-day moving average of $421.98. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $509.48.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Friday, August 30th. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the transaction, the director now owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The disclosure for this sale can be found here. Insiders sold 4,018,500 shares of company stock worth $34,342,615 in the last quarter. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group 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.