Allworth Financial LP Has $2.63 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Allworth Financial LP cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,817 shares of the investment management company's stock after selling 528 shares during the quarter. Allworth Financial LP's holdings in The Goldman Sachs Group were worth $2,627,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. American Capital Advisory LLC bought a new position in shares of The Goldman Sachs Group in the first quarter valued at about $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $30,000. Godsey & Gibb Inc. grew its stake in shares of The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after acquiring an additional 34 shares in the last quarter. Transce3nd LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $31,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Price Performance

Shares of GS traded down $5.01 during mid-day trading on Friday, reaching $704.11. The company had a trading volume of 1,681,679 shares, compared to its average volume of 2,390,272. The company's 50 day simple moving average is $632.13 and its 200 day simple moving average is $596.39. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. 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 company has a market capitalization of $216.05 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 0.97 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results 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 11.86% and a return on equity of 13.76%. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same period last year, the company posted $11.58 EPS. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were paid a $3.00 dividend. The ex-dividend date was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.70%. The Goldman Sachs Group's payout ratio is currently 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director owned 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

GS has been the topic of several research reports. Evercore ISI set a $715.00 price target on shares of The Goldman Sachs Group and gave the company an "outperform" rating in a research note on Thursday. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday. JPMorgan Chase & Co. decreased their price target on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a research note on Friday, April 4th. Finally, Citigroup decreased their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus price target of $614.00.

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.