The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Callan Family Office LLC

Key Points

• Callan Family Office LLC reduced its holdings in The Goldman Sachs Group by 39.1% during the first quarter, leaving it with 5,415 shares valued at approximately $2.96 million.
• The company's CFO and EVP have both recently sold substantial shares, with the CFO selling 7,463 shares and the EVP selling 6,008 shares, indicating a notable decrease in their positions.
• The Goldman Sachs Group has declared an increased quarterly dividend of $4.00, representing a 2.2% yield, up from the previous $3.00 per share dividend.

Callan Family Office LLC lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 39.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,415 shares of the investment management company's stock after selling 3,481 shares during the period. Callan Family Office LLC's holdings in The Goldman Sachs Group were worth $2,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Capital Advisory LLC purchased a new position in The Goldman Sachs Group in the first quarter valued at about $29,000. Godsey & Gibb Inc. grew its stake in 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 purchasing an additional 34 shares during the last quarter. Transce3nd LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $31,000. Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $31,000. Finally, Lowe Wealth Advisors LLC grew its stake in The Goldman Sachs Group by 326.7% in the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock valued at $35,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the transaction, the chief financial officer directly owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David M. Solomon sold 6,608 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the completion of the transaction, the chief executive officer directly owned 126,176 shares of the company's stock, valued at $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,079 shares of company stock worth $14,423,221 over the last quarter. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GS shares. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the company an "outperform" rating in a research note on Thursday, July 10th. Citigroup lifted their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Hsbc Global Res lowered The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus price target of $660.00.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $2.95 during trading hours on Thursday, reaching $747.64. The stock had a trading volume of 1,371,096 shares, compared to its average volume of 2,568,910. The stock has a fifty day moving average of $689.63 and a 200 day moving average of $616.41. The stock has a market cap of $226.32 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 1.58 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $748.91. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating analysts' consensus estimates of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%. The Goldman Sachs Group's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.62 earnings per share. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a $4.00 dividend. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, August 29th. The Goldman Sachs Group's payout ratio is currently 26.44%.

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.