Public Employees Retirement Association of Colorado Has $19.27 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Public Employees Retirement Association of Colorado lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,138 shares of the investment management company’s stock after selling 2,976 shares during the period. Public Employees Retirement Association of Colorado’s holdings in The Goldman Sachs Group were worth $19,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $1,903,374,000. Norges Bank bought a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $1,120,119,000. Wellington Management Group LLP lifted its stake in The Goldman Sachs Group by 27.0% in the 4th quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock valued at $842,597,000 after purchasing an additional 464,954 shares during the last quarter. Verity & Verity LLC lifted its stake in The Goldman Sachs Group by 26,378.2% in the 1st quarter. Verity & Verity LLC now owns 407,764 shares of the investment management company’s stock valued at $170,000 after purchasing an additional 406,224 shares during the last quarter. Finally, Focused Investors Fund L P bought a new position in shares of The Goldman Sachs Group during the first quarter valued at $146,317,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity

In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the sale, the director now owns 12,450 shares of the company’s stock, valued at $6,287,748. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the sale, the director now owns 12,450 shares of the company’s stock, valued at $6,287,748. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. Insiders sold 4,013,500 shares of company stock worth $32,181,365 over the last three months. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Down 1.0 %

Shares of NYSE GS traded down $4.98 during mid-day trading on Monday, reaching $494.05. 903,605 shares of the company’s stock traded hands, compared to its average volume of 2,303,901. The stock has a market cap of $159.31 billion, a P/E ratio of 19.33, a PEG ratio of 1.01 and a beta of 1.37. The business has a 50-day simple moving average of $466.04 and a 200 day simple moving average of $425.00. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $509.48. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.12 and a quick ratio of 0.74.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a dividend of $3.00 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Analysts Set New Price Targets

GS has been the subject of several analyst reports. Royal Bank of Canada raised their price target on shares of The Goldman Sachs Group from $435.00 to $500.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 16th. Bank of America raised their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Barclays raised their price target on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Finally, Evercore ISI raised their price target on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $484.59.

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.