Union Bancaire Privee UBP SA Sells 35,733 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Union Bancaire Privee UBP SA decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 60.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,118 shares of the investment management company’s stock after selling 35,733 shares during the period. Union Bancaire Privee UBP SA’s holdings in The Goldman Sachs Group were worth $12,000,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of GS. GAMMA Investing LLC boosted its stake in shares of The Goldman Sachs Group by 63,864.7% in the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock valued at $2,172,423,000 after buying an additional 3,970,467 shares during the period. Norges Bank bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth $1,603,315,000. Castlekeep Investment Advisors LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $944,334,000. Raymond James Financial Inc. bought a new stake in The Goldman Sachs Group during the fourth quarter worth about $624,844,000. Finally, Proficio Capital Partners LLC grew its stake in The Goldman Sachs Group by 14,007.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock worth $606,815,000 after buying an additional 1,052,204 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, Director John B. Hess bought 3,904 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GS has been the topic of several analyst reports. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a research report on Monday, April 7th. Oppenheimer cut shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Royal Bank of Canada decreased their price target on shares of 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. JMP Securities lowered their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Finally, Barclays decreased their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $593.40.

The Goldman Sachs Group Stock Up 1.6%

The Goldman Sachs Group stock opened at $624.49 on Thursday. The firm has a market cap of $191.62 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a 50 day moving average price of $561.88 and a two-hundred day moving average price of $583.31.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter in the previous year, the business earned $11.58 earnings per share. Equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The Goldman Sachs Group’s payout ratio is 27.85%.

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.