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

Great Lakes Advisors LLC decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 25.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,035 shares of the investment management company’s stock after selling 359 shares during the quarter. Great Lakes Advisors LLC’s holdings in The Goldman Sachs Group were worth $399,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. First United Bank & Trust acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth $26,000. Truvestments Capital LLC increased its stake in The Goldman Sachs Group by 88.0% in the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after purchasing an additional 44 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $32,000. Signature Resources Capital Management LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter valued at about $39,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $42,000. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GS shares. Bank of America upped their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods raised their target price on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Edward Jones started coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a “buy” rating for the company. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. Finally, Royal Bank of Canada boosted their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $440.57.

Read Our Latest Report on GS

Insider Transactions at The Goldman Sachs Group

In related news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $462.57 on Thursday. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $471.48. The firm has a fifty day simple moving average of $422.29 and a 200-day simple moving average of $388.77. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $149.16 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 0.95 and a beta of 1.40.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the prior year, the company earned $8.79 earnings per share. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 36.57 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.38%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

About The Goldman Sachs Group

(Free Report)

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.

See Also

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

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