Mid Atlantic Financial Management Inc. ADV lessened its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 8.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,908 shares of the investment management company’s stock after selling 180 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in Goldman Sachs Group were worth $366,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GS. Capital Financial Planning LLC acquired a new stake in Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Toth Financial Advisory Corp increased its holdings in Goldman Sachs Group by 100.0% in the 1st quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 70 shares during the last quarter. Liberty Wealth Management LLC acquired a new position in shares of Goldman Sachs Group in the fourth quarter worth $29,000. Loeb Partners Corp acquired a new position in shares of Goldman Sachs Group in the fourth quarter worth $33,000. Finally, Riverview Trust Co acquired a new position in shares of Goldman Sachs Group in the fourth quarter worth $33,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:GS opened at $199.11 on Wednesday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $72.23 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 1.26 and a beta of 1.24. Goldman Sachs Group Inc has a 52 week low of $151.70 and a 52 week high of $245.08.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.97. The firm had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.89 billion. Goldman Sachs Group had a net margin of 25.13% and a return on equity of 12.79%. The company’s revenue was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.95 earnings per share. On average, sell-side analysts anticipate that Goldman Sachs Group Inc will post 23.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $0.85 per share. The ex-dividend date is Wednesday, May 29th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.71%. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s payout ratio is presently 12.66%.

Several equities analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Goldman Sachs Group from $207.00 to $218.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Odeon Capital Group upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. ValuEngine upgraded shares of Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Finally, HSBC set a $202.00 price target on shares of Goldman Sachs Group and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $239.91.

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Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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