Meiji Yasuda Life Insurance Co reduced its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 21.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,552 shares of the investment management company’s stock after selling 1,513 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Goldman Sachs Group were worth $1,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its stake in Goldman Sachs Group by 17,481.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,641,354 shares of the investment management company’s stock valued at $100,000 after purchasing an additional 16,546,702 shares during the period. Norges Bank bought a new stake in Goldman Sachs Group in the 4th quarter valued at $474,398,000. Lakewood Capital Management LP bought a new stake in Goldman Sachs Group in the 4th quarter valued at $136,480,000. Jennison Associates LLC boosted its stake in Goldman Sachs Group by 17.8% in the 4th quarter. Jennison Associates LLC now owns 4,710,738 shares of the investment management company’s stock valued at $786,929,000 after purchasing an additional 710,479 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Goldman Sachs Group by 10.6% in the 4th quarter. Geode Capital Management LLC now owns 4,291,537 shares of the investment management company’s stock valued at $715,573,000 after purchasing an additional 411,700 shares during the period. Institutional investors own 68.52% of the company’s stock.

Shares of Goldman Sachs Group stock traded down $3.88 during trading on Wednesday, reaching $190.85. 115,278 shares of the company’s stock were exchanged, compared to its average volume of 2,987,717. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.86 and a current ratio of 0.86. Goldman Sachs Group Inc has a 1-year low of $151.70 and a 1-year high of $245.08. The stock has a market capitalization of $71.02 billion, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 1.22 and a beta of 1.27.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.97. Goldman Sachs Group had a return on equity of 12.79% and a net margin of 25.13%. The company had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.89 billion. During the same quarter in the previous year, the firm earned $6.95 EPS. Goldman Sachs Group’s revenue was down 12.6% on a year-over-year basis. On average, research analysts forecast that Goldman Sachs Group Inc will post 23.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.78%. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s payout ratio is 13.45%.

Several analysts recently issued reports on GS shares. BMO Capital Markets reduced their price target on Goldman Sachs Group from $262.00 to $260.00 and set a “market perform” rating for the company in a research note on Tuesday, April 16th. Zacks Investment Research raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. ValuEngine cut Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Morgan Stanley lifted their price objective on Goldman Sachs Group from $207.00 to $218.00 and gave the company an “equal weight” rating in a report on Tuesday, April 16th. Finally, Oppenheimer lifted their price objective on Goldman Sachs Group from $302.00 to $312.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $239.91.

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Goldman Sachs Group Profile

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