The Goldman Sachs Group, Inc. (NYSE:GS) Position Lessened by Marvin & Palmer Associates Inc.

Marvin & Palmer Associates Inc. cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 17.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,459 shares of the investment management company’s stock after selling 7,943 shares during the quarter. The Goldman Sachs Group comprises 5.4% of Marvin & Palmer Associates Inc.’s investment portfolio, making the stock its 3rd biggest holding. Marvin & Palmer Associates Inc.’s holdings in The Goldman Sachs Group were worth $12,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marco Investment Management LLC boosted its position in shares of The Goldman Sachs Group by 0.7% during the first quarter. Marco Investment Management LLC now owns 47,590 shares of the investment management company’s stock valued at $15,562,000 after purchasing an additional 345 shares in the last quarter. Putnam Investments LLC boosted its position in shares of The Goldman Sachs Group by 8.0% during the first quarter. Putnam Investments LLC now owns 1,471,059 shares of the investment management company’s stock valued at $481,037,000 after purchasing an additional 109,455 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of The Goldman Sachs Group by 22.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 72,719 shares of the investment management company’s stock valued at $18,893,000 after purchasing an additional 13,361 shares in the last quarter. Baker Avenue Asset Management LP boosted its holdings in The Goldman Sachs Group by 3.1% in the first quarter. Baker Avenue Asset Management LP now owns 10,051 shares of the investment management company’s stock worth $3,286,000 after acquiring an additional 298 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in The Goldman Sachs Group by 298.8% in the first quarter. GSA Capital Partners LLP now owns 3,286 shares of the investment management company’s stock worth $1,075,000 after acquiring an additional 2,462 shares in the last quarter. Institutional investors own 71.25% of the company’s stock.

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on The Goldman Sachs Group from $310.00 to $365.00 and gave the stock a “hold” rating in a report on Thursday, April 1st. Keefe, Bruyette & Woods started coverage on The Goldman Sachs Group in a report on Wednesday, July 7th. They issued a “market perform” rating and a $391.00 target price on the stock. Jefferies Financial Group started coverage on The Goldman Sachs Group in a research note on Wednesday, June 9th. They issued a “buy” rating and a $450.00 price target for the company. DA Davidson boosted their price target on The Goldman Sachs Group from $347.00 to $378.00 and gave the stock a “neutral” rating in a research note on Thursday, April 15th. Finally, JMP Securities boosted their price target on The Goldman Sachs Group from $400.00 to $425.00 and gave the stock a “market outperform” rating in a research note on Thursday, June 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $392.45.

Shares of NYSE GS traded down $2.31 during mid-day trading on Thursday, reaching $371.19. The company’s stock had a trading volume of 83,025 shares, compared to its average volume of 2,678,760. The company has a market cap of $126.12 billion, a price-to-earnings ratio of 6.70 and a beta of 1.48. 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 firm’s fifty day simple moving average is $370.57. The Goldman Sachs Group, Inc. has a 52 week low of $185.52 and a 52 week high of $393.26.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Wednesday, September 1st will be paid a dividend of $2.00 per share. The ex-dividend date is Tuesday, August 31st. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $1.25. This represents a $8.00 dividend on an annualized basis and a yield of 2.16%. The Goldman Sachs Group’s dividend payout ratio is presently 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.

See Also: Trading Ex-Dividend Strategy

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

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.