The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by GFS Advisors LLC

GFS Advisors LLC reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 18.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 601 shares of the investment management company’s stock after selling 132 shares during the period. GFS Advisors LLC’s holdings in The Goldman Sachs Group were worth $328,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Merrion Investment Management Co LLC boosted its holdings in shares of The Goldman Sachs Group by 2.0% in the 1st quarter. Merrion Investment Management Co LLC now owns 5,489 shares of the investment management company’s stock valued at $2,999,000 after buying an additional 107 shares during the period. Silver Oak Securities Incorporated lifted its holdings in The Goldman Sachs Group by 8.4% in the first quarter. Silver Oak Securities Incorporated now owns 568 shares of the investment management company’s stock worth $308,000 after acquiring an additional 44 shares during the last quarter. ORG Wealth Partners LLC bought a new position in The Goldman Sachs Group in the first quarter worth about $318,000. Plimoth Trust Co. LLC boosted its stake in The Goldman Sachs Group by 4.7% in the first quarter. Plimoth Trust Co. LLC now owns 4,146 shares of the investment management company’s stock valued at $2,265,000 after acquiring an additional 186 shares during the period. Finally, HCR Wealth Advisors grew its holdings in shares of The Goldman Sachs Group by 19.4% during the first quarter. HCR Wealth Advisors now owns 1,837 shares of the investment management company’s stock valued at $1,004,000 after purchasing an additional 298 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays reduced their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. JMP Securities cut their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Royal Bank Of Canada lowered their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 15th. Finally, Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $593.40.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $635.69 on Thursday. The company has a market capitalization of $195.06 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.85 and a beta of 1.32. 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 stock has a fifty day moving average of $575.93 and a 200-day moving average of $583.99. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19.

The Goldman Sachs Group (NYSE:GS) last announced 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 Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the business posted $11.58 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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