Nippon Life Global Investors Americas Inc. bought a new position in Goldman Sachs Group, Inc. (The) (NYSE:GS) during the first quarter, Holdings Channel reports. The institutional investor bought 27,970 shares of the investment management company’s stock, valued at approximately $6,426,000.

Several other large investors have also recently added to or reduced their stakes in GS. Carret Asset Management LLC increased its stake in Goldman Sachs Group, Inc. (The) by 0.6% in the first quarter. Carret Asset Management LLC now owns 20,451 shares of the investment management company’s stock worth $4,698,000 after buying an additional 113 shares during the period. Bridgewater Associates LP purchased a new stake in Goldman Sachs Group, Inc. (The) during the first quarter worth approximately $2,187,000. Amarillo National Bank purchased a new stake in Goldman Sachs Group, Inc. (The) during the first quarter worth approximately $238,000. Wells Fargo & Company MN increased its stake in Goldman Sachs Group, Inc. (The) by 6.4% in the first quarter. Wells Fargo & Company MN now owns 2,177,944 shares of the investment management company’s stock worth $500,319,000 after buying an additional 130,825 shares during the period. Finally, Delta Lloyd NV purchased a new stake in Goldman Sachs Group, Inc. (The) during the first quarter worth approximately $9,345,000. 73.72% of the stock is owned by hedge funds and other institutional investors.

Shares of Goldman Sachs Group, Inc. (GS) traded down 0.72% during mid-day trading on Friday, reaching $223.88. The company’s stock had a trading volume of 1,122,024 shares. The company’s 50-day moving average is $224.93 and its 200 day moving average is $229.79. Goldman Sachs Group, Inc. has a 1-year low of $157.77 and a 1-year high of $255.15. The firm has a market capitalization of $86.91 billion, a P/E ratio of 11.74 and a beta of 1.42.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.47 billion. During the same quarter in the previous year, the business earned $3.72 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts expect that Goldman Sachs Group, Inc. will post $18.20 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.33%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.74%.

Goldman Sachs Group, Inc. (The) declared that its Board of Directors has approved a share buyback program on Tuesday, April 18th that authorizes the company to buyback 50,000,000 outstanding shares. This buyback authorization authorizes the investment management company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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GS has been the subject of a number of research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Royal Bank Of Canada decreased their price target on Goldman Sachs Group, Inc. (The) to $250.00 and set a “neutral” rating for the company in a report on Tuesday, April 18th. Capital One Financial Corporation reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 11th. J P Morgan Chase & Co reissued a “buy” rating and issued a $260.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, June 26th. Finally, Buckingham Research reissued a “neutral” rating and issued a $243.00 price target (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) presently has an average rating of “Hold” and a consensus price target of $235.44.

In other Goldman Sachs Group, Inc. (The) news, EVP John F.W. Rogers sold 17,685 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the transaction, the executive vice president now owns 80,109 shares in the company, valued at $18,827,217.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total value of $1,045,556.10. Following the transaction, the director now owns 854,925 shares in the company, valued at approximately $194,743,365.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,535 shares of company stock worth $5,956,868. 2.57% of the stock is currently owned by insiders.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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