Andrew Hill Investment Advisors Inc. Reduces Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Andrew Hill Investment Advisors Inc. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 69.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,134 shares of the investment management company's stock after selling 7,046 shares during the period. The Goldman Sachs Group comprises about 1.7% of Andrew Hill Investment Advisors Inc.'s investment portfolio, making the stock its 23rd biggest holding. Andrew Hill Investment Advisors Inc.'s holdings in The Goldman Sachs Group were worth $1,713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Stephens Consulting LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at $26,000. Asset Planning Inc acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at $29,000. Curio Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Transce3nd LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $31,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on GS shares. Evercore ISI lowered their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. JPMorgan Chase & Co. decreased their price target on 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. Barclays dropped their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Finally, JMP Securities reduced their target price on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $593.40.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were acquired 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 directly owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Down 0.5%

NYSE:GS traded down $3.30 during mid-day trading on Wednesday, hitting $600.53. 546,228 shares of the stock traded hands, compared to its average volume of 2,365,452. 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 stock has a market capitalization of $184.27 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The firm's 50 day moving average is $552.09 and its two-hundred day moving average is $582.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter last year, the firm earned $11.58 EPS. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 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.