Arlington Trust Co LLC Sells 14,320 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Arlington Trust Co LLC lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 94.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 890 shares of the investment management company's stock after selling 14,320 shares during the quarter. Arlington Trust Co LLC's holdings in The Goldman Sachs Group were worth $486,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC increased its stake in The Goldman Sachs Group by 1.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock worth $950,000 after acquiring an additional 18 shares during the period. Wynn Capital LLC increased its position in shares of The Goldman Sachs Group by 0.3% in the first quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock worth $3,211,000 after purchasing an additional 20 shares during the period. 1900 Wealth Management LLC raised its stake in The Goldman Sachs Group by 2.6% in the first quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock valued at $425,000 after purchasing an additional 20 shares in the last quarter. World Equity Group Inc. raised its stake in The Goldman Sachs Group by 0.9% in the first quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company's stock valued at $1,273,000 after purchasing an additional 20 shares in the last quarter. Finally, Register Financial Advisors LLC lifted its position in The Goldman Sachs Group by 2.5% during the first quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock worth $440,000 after purchasing an additional 20 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director directly owned 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Up 1.2%

Shares of The Goldman Sachs Group stock traded up $8.75 during trading on Wednesday, hitting $715.21. The company's stock had a trading volume of 2,905,766 shares, compared to its average volume of 2,390,197. The stock has a market cap of $219.46 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $718.68. The stock has a 50-day moving average price of $606.17 and a two-hundred day moving average price of $588.74.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The company had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter in the prior year, the firm posted $11.58 earnings per share. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were issued a dividend of $3.00 per share. The ex-dividend date was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.68%. The Goldman Sachs Group's payout ratio is 27.85%.

Wall Street Analyst Weigh In

GS has been the subject of several analyst reports. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Citigroup lowered their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research report on Monday, March 24th. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Royal Bank Of Canada decreased their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Finally, Wall Street Zen downgraded The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and an average target price of $603.73.

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.