Genesee Capital Advisors LLC Has $963,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Genesee Capital Advisors LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,764 shares of the investment management company’s stock after selling 24 shares during the quarter. Genesee Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $963,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EWA LLC grew its position in shares of The Goldman Sachs Group by 5.1% during the 1st quarter. EWA LLC now owns 516 shares of the investment management company’s stock worth $282,000 after buying an additional 25 shares during the period. North Point Portfolio Managers Corp OH grew its position in shares of The Goldman Sachs Group by 1.1% during the 1st quarter. North Point Portfolio Managers Corp OH now owns 28,578 shares of the investment management company’s stock worth $15,612,000 after buying an additional 298 shares during the period. Tandem Capital Management Corp ADV grew its position in shares of The Goldman Sachs Group by 5.5% during the 1st quarter. Tandem Capital Management Corp ADV now owns 476 shares of the investment management company’s stock worth $260,000 after buying an additional 25 shares during the period. Heartland Bank & Trust Co acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth about $984,000. Finally, Masso Torrence Wealth Management Inc. grew its position in shares of The Goldman Sachs Group by 13.9% during the 1st quarter. Masso Torrence Wealth Management Inc. now owns 2,166 shares of the investment management company’s stock worth $1,183,000 after buying an additional 265 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GS has been the subject of several analyst reports. Evercore ISI decreased their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Oppenheimer lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Barclays cut their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, Wall Street Zen cut The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $593.40.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 0.8%

NYSE GS opened at $640.30 on Friday. The stock has a market capitalization of $196.47 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 0.87 and a beta of 1.32. The stock’s 50 day moving average price is $581.78 and its two-hundred day moving average price is $584.39. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same quarter in the previous year, the business posted $11.58 EPS. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s payout ratio is 27.85%.

The Goldman Sachs Group 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.