Hara Capital LLC Sells 36 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Hara Capital LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.2% during the first quarter, Holdings Channel.com reports. The firm owned 655 shares of the investment management company’s stock after selling 36 shares during the quarter. Hara Capital LLC’s holdings in The Goldman Sachs Group were worth $358,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Prestige Wealth Management Group LLC lifted its stake in The Goldman Sachs Group by 1.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company’s stock valued at $950,000 after acquiring an additional 18 shares in the last quarter. Wynn Capital LLC lifted its stake in The Goldman Sachs Group by 0.3% during the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company’s stock valued at $3,211,000 after acquiring an additional 20 shares in the last quarter. 1900 Wealth Management LLC lifted its stake in The Goldman Sachs Group by 2.6% during the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company’s stock valued at $425,000 after acquiring an additional 20 shares in the last quarter. Register Financial Advisors LLC lifted its stake in The Goldman Sachs Group by 2.5% during the 1st quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company’s stock valued at $440,000 after acquiring an additional 20 shares in the last quarter. Finally, World Equity Group Inc. lifted its stake in The Goldman Sachs Group by 0.9% during the 1st quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company’s stock valued at $1,273,000 after acquiring an additional 20 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. JMP Securities decreased their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Hsbc Global Res lowered The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday. Morgan Stanley raised their target price on The Goldman Sachs Group from $570.00 to $592.00 and gave the company an “equal weight” rating in a research report on Monday, June 23rd. Finally, Evercore ISI raised their target price on The Goldman Sachs Group from $630.00 to $715.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $614.00.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 3,904 shares of the company’s stock, valued at $1,997,598.72. This represents a ? increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $699.98 on Thursday. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $726.00. 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 company has a market cap of $214.78 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 0.95 and a beta of 1.35. The stock has a 50-day moving average price of $626.30 and a 200-day moving average price of $594.60.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping 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 company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the firm earned $11.58 earnings per share. As a group, equities analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was 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.