Baskin Financial Services Inc. lowered its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,474 shares of the investment management company’s stock after selling 462 shares during the period. Baskin Financial Services Inc.’s holdings in Goldman Sachs Group were worth $8,539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Financial Planning LLC purchased a new stake in Goldman Sachs Group in the fourth quarter valued at $26,000. Toth Financial Advisory Corp raised its position in Goldman Sachs Group by 100.0% in the first quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Liberty Wealth Management LLC purchased a new stake in Goldman Sachs Group in the fourth quarter valued at $29,000. Loeb Partners Corp purchased a new stake in Goldman Sachs Group in the fourth quarter valued at $33,000. Finally, Riverview Trust Co purchased a new stake in Goldman Sachs Group in the fourth quarter valued at $33,000. 70.11% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the company. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. Oppenheimer boosted their price objective on Goldman Sachs Group from $257.00 to $272.00 and gave the company an “outperform” rating in a report on Thursday, January 17th. Societe Generale downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Zacks Investment Research downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $250.00 price objective (down previously from $258.00) on shares of Goldman Sachs Group in a report on Monday, December 24th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $250.08.

In other news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total transaction of $295,283.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.41% of the company’s stock.

GS traded down $7.93 on Monday, hitting $199.91. 6,525,510 shares of the company were exchanged, compared to its average volume of 3,291,764. Goldman Sachs Group Inc has a twelve month low of $151.70 and a twelve month high of $262.25. The stock has a market capitalization of $74.39 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.31 and a beta of 1.22. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.92 and a quick ratio of 0.92.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 16th. The investment management company reported $6.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.15 by $0.89. Goldman Sachs Group had a return on equity of 13.84% and a net margin of 28.92%. The firm had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $7.48 billion. During the same period in the previous year, the firm posted $5.68 EPS. Goldman Sachs Group’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts anticipate that Goldman Sachs Group Inc will post 23.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.70%. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s payout ratio is presently 12.66%.

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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 through 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.

Further Reading: Sell-Side Analysts

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

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