B. Riley Wealth Advisors Inc. Sells 2,471 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

B. Riley Wealth Advisors Inc. lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 18.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,761 shares of the investment management company's stock after selling 2,471 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in The Goldman Sachs Group were worth $6,162,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Garde Capital Inc. raised its position in The Goldman Sachs Group by 38.3% in the 4th quarter. Garde Capital Inc. now owns 433 shares of the investment management company's stock worth $248,000 after purchasing an additional 120 shares during the last quarter. Cypress Asset Management Inc. TX bought a new position in The Goldman Sachs Group in the 4th quarter worth approximately $7,024,000. Ameriflex Group Inc. bought a new position in The Goldman Sachs Group in the 4th quarter worth approximately $48,000. United Advisor Group LLC grew its holdings in The Goldman Sachs Group by 2.1% during the 4th quarter. United Advisor Group LLC now owns 1,431 shares of the investment management company's stock worth $819,000 after acquiring an additional 29 shares during the period. Finally, Ascent Group LLC grew its holdings in The Goldman Sachs Group by 23.0% during the 4th quarter. Ascent Group LLC now owns 2,154 shares of the investment management company's stock worth $1,233,000 after acquiring an additional 403 shares during the period. Institutional investors own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group 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 purchase, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Down 0.8%

NYSE GS traded down $5.00 on Friday, reaching $599.86. The company had a trading volume of 2,129,454 shares, compared to its average volume of 2,378,031. The firm has a market capitalization of $184.06 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19. The company's fifty day moving average is $550.69 and its 200-day moving average is $582.21.

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 for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the prior year, the business earned $11.58 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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 paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is presently 27.85%.

Analysts Set New Price Targets

GS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Barclays lowered their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Finally, Royal Bank of Canada lowered their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Company 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.