Bessemer Group Inc. Sells 12,799 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Bessemer Group Inc. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 52.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,652 shares of the investment management company's stock after selling 12,799 shares during the period. Bessemer Group Inc.'s holdings in The Goldman Sachs Group were worth $6,365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC grew its stake in The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after acquiring an additional 58 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at about $583,000. Highview Capital Management LLC DE lifted its position in shares of The Goldman Sachs Group by 4.7% in the fourth quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock worth $2,186,000 after purchasing an additional 171 shares in the last quarter. Finally, Advisor OS LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $257,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on GS. Royal Bank Of Canada dropped their price objective on shares of 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. JMP Securities dropped their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Barclays cut their price objective on 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. JPMorgan Chase & Co. lowered their target price 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. Finally, Wall Street Zen downgraded The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $595.67.

The Goldman Sachs Group Stock Up 0.5%

Shares of NYSE GS traded up $3.59 during mid-day trading on Friday, reaching $690.75. 3,644,601 shares of the company traded hands, compared to its average volume of 2,375,929. The company's fifty day moving average is $598.32 and its two-hundred day moving average is $587.09. 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 Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $694.20. The stock has a market cap of $211.95 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 0.94 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS 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 for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter last year, the company posted $11.58 earnings per share. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were issued a $3.00 dividend. The ex-dividend date was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.74%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

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.