Means Investment CO. Inc. Has $2.77 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Means Investment CO. Inc. trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 35.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,063 shares of the investment management company’s stock after selling 2,729 shares during the period. Means Investment CO. Inc.’s holdings in The Goldman Sachs Group were worth $2,766,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after acquiring an additional 508 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $32,815,000. Revolve Wealth Partners LLC boosted its holdings in shares of The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of The Goldman Sachs Group by 2.6% during the 4th quarter. Van ECK Associates Corp now owns 6,320 shares of the investment management company’s stock worth $3,619,000 after buying an additional 163 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth $583,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John B. Hess purchased 3,904 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director now owns 3,904 shares of the company’s stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Stock Up 1.8%

Shares of GS opened at $635.69 on Friday. The stock’s 50-day moving average price is $578.87 and its two-hundred day moving average price is $584.22. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. The company has a market capitalization of $195.05 billion, a PE ratio of 14.75, a PEG ratio of 0.87 and a beta of 1.32. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $11.58 earnings per share. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup decreased their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective for the company. in a research report on Friday, April 4th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Finally, Evercore ISI lowered their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. One equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $593.40.

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.