The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Amundi Asset Management US Inc.

Amundi Asset Management US Inc. lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 435,083 shares of the investment management company’s stock after acquiring an additional 15,217 shares during the quarter. Amundi Asset Management US Inc. owned about 0.13% of The Goldman Sachs Group worth $142,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. RMR Wealth Builders acquired a new position in The Goldman Sachs Group in the fourth quarter worth approximately $26,000. IronBridge Private Wealth LLC acquired a new position in The Goldman Sachs Group in the fourth quarter worth approximately $26,000. Curi Capital acquired a new position in The Goldman Sachs Group in the fourth quarter worth approximately $29,000. Tacita Capital Inc acquired a new position in The Goldman Sachs Group in the fourth quarter worth approximately $33,000. Finally, Cordasco Financial Network acquired a new position in The Goldman Sachs Group in the first quarter worth approximately $33,000. Institutional investors and hedge funds own 71.25% of the company’s stock.

GS has been the topic of several research analyst reports. BMO Capital Markets lifted their price objective on shares of The Goldman Sachs Group from $409.00 to $432.00 and gave the stock an “outperform” rating in a research report on Friday, April 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The Goldman Sachs Group from $310.00 to $365.00 and gave the stock a “hold” rating in a research report on Thursday, April 1st. Credit Suisse Group lifted their price objective on shares of The Goldman Sachs Group from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 14th. UBS Group cut shares of The Goldman Sachs Group from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $320.00 to $340.00 in a research report on Thursday, April 1st. Finally, Citigroup lifted their price objective on shares of The Goldman Sachs Group from $390.00 to $410.00 in a research report on Friday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $392.45.

Shares of GS opened at $373.50 on Thursday. The company has a market cap of $126.90 billion, a P/E ratio of 6.74 and a beta of 1.48. The Goldman Sachs Group, Inc. has a one year low of $185.52 and a one year high of $393.26. The company has a quick ratio of 0.81, a current ratio of 1.20 and a debt-to-equity ratio of 2.34. The stock has a fifty day moving average price of $370.57.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, July 12th. The investment management company reported $15.02 EPS for the quarter, topping the consensus estimate of $10.24 by $4.78. The firm had revenue of $15.39 billion for the quarter, compared to the consensus estimate of $12.17 billion. The Goldman Sachs Group had a net margin of 33.03% and a return on equity of 22.93%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $6.26 EPS. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 52.72 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Wednesday, September 1st will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.14%. The ex-dividend date is Tuesday, August 31st. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $1.25. The Goldman Sachs Group’s dividend payout ratio (DPR) is 14.60%.

About The Goldman Sachs Group

Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

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

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