Mather Group LLC. Trims Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Mather Group LLC. cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 902 shares of the investment management company’s stock after selling 213 shares during the period. Mather Group LLC.’s holdings in The Goldman Sachs Group were worth $348,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Cambridge Trust Co. grew its stake in The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after purchasing an additional 41 shares during the period. Truvestments Capital LLC grew its stake in The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after purchasing an additional 44 shares during the period. BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth $32,000. Wetzel Investment Advisors Inc. purchased a new stake in The Goldman Sachs Group in the fourth quarter worth $42,000. Finally, CNB Bank grew its stake in The Goldman Sachs Group by 55.7% in the third quarter. CNB Bank now owns 165 shares of the investment management company’s stock worth $53,000 after purchasing an additional 59 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 1.3 %

GS stock opened at $432.57 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $433.65. The business’s 50-day moving average is $403.65 and its two-hundred day moving average is $373.37. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The company has a market cap of $140.38 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.35 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the prior year, the company earned $8.79 earnings per share. The Goldman Sachs Group’s revenue was up 16.1% on a year-over-year basis. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 35.86 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GS. UBS Group upped their price target on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $333.00 to $449.00 in a research note on Tuesday, January 30th. Bank of America increased their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Finally, Citigroup increased their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $437.04.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the sale, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,330 shares of company stock valued at $11,713,578. 0.54% of the stock is owned by company insiders.

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.