RiverPark Advisors LLC Has $67,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

RiverPark Advisors LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 17.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 117 shares of the investment management company’s stock after selling 25 shares during the period. RiverPark Advisors LLC’s holdings in The Goldman Sachs Group were worth $67,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group during the 4th quarter valued at about $26,000. Asset Planning Inc bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Curio Wealth LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $30,000. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC bought a new stake in The Goldman Sachs Group during the fourth quarter worth $34,000. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction 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 approximately $1,997,598.72. This represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the transaction, the insider now owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GS. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a report on Monday, April 7th. Royal Bank of Canada cut their price target on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 15th. Evercore ISI decreased their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. JMP Securities dropped their target price 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 report on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $593.40.

The Goldman Sachs Group Price Performance

GS opened at $529.54 on Thursday. The firm has a 50-day moving average price of $553.80 and a 200-day moving average price of $572.78. The Goldman Sachs Group, Inc. has a twelve month low of $414.85 and a twelve month high of $672.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $165.24 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.89 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the previous year, the business earned $11.58 EPS. Equities analysts expect 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 $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.27%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.85%.

About The Goldman Sachs Group

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.