The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,409 shares of the investment management company’s stock after purchasing an additional 59 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in The Goldman Sachs Group were worth $589,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. First Personal Financial Services acquired a new position in The Goldman Sachs Group during the 1st quarter worth $25,000. Versant Capital Management Inc grew its holdings in The Goldman Sachs Group by 106.3% during the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after acquiring an additional 34 shares in the last quarter. First United Bank & Trust acquired a new position in The Goldman Sachs Group during the 4th quarter worth $26,000. Pineridge Advisors LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth $29,000. Finally, LifeSteps Financial Inc. acquired a new position in The Goldman Sachs Group during the 1st quarter worth $33,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 2.6 %

Shares of The Goldman Sachs Group stock traded up $13.00 during trading on Tuesday, hitting $505.72. The stock had a trading volume of 2,642,198 shares, compared to its average volume of 2,311,025. The stock has a 50 day simple moving average of $466.64 and a 200 day simple moving average of $425.80. The company has a market capitalization of $163.07 billion, a PE ratio of 19.76, a P/E/G ratio of 1.01 and a beta of 1.37. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.97. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $509.48.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a $3.00 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the sale, the insider now directly owns 12,095 shares in the company, valued at $6,119,949.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the sale, the insider now directly owns 12,095 shares in the company, valued at $6,119,949.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the completion of the sale, the director now owns 12,450 shares of the company’s stock, valued at $6,287,748. The disclosure for this sale can be found here. Insiders have sold a total of 4,013,500 shares of company stock valued at $32,181,365 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of a number of recent research reports. Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Barclays raised their price target on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Oppenheimer lifted their price objective on shares of The Goldman Sachs Group from $504.00 to $559.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Finally, JMP Securities lifted their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $487.41.

The Goldman Sachs Group Company 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.