The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,602 shares of the investment management company's stock after selling 509 shares during the quarter. Capital Asset Advisory Services LLC's holdings in The Goldman Sachs Group were worth $4,281,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. HBW Advisory Services LLC increased its position in shares of The Goldman Sachs Group by 13.1% during the first quarter. HBW Advisory Services LLC now owns 589 shares of the investment management company's stock worth $322,000 after purchasing an additional 68 shares in the last quarter. ST Germain D J Co. Inc. increased its position in shares of The Goldman Sachs Group by 13.6% during the first quarter. ST Germain D J Co. Inc. now owns 1,576 shares of the investment management company's stock worth $861,000 after purchasing an additional 189 shares in the last quarter. Merit Financial Group LLC grew its holdings in The Goldman Sachs Group by 5.8% in the 1st quarter. Merit Financial Group LLC now owns 11,166 shares of the investment management company's stock valued at $6,100,000 after buying an additional 609 shares in the last quarter. Paladin Wealth LLC grew its holdings in The Goldman Sachs Group by 7.8% in the 1st quarter. Paladin Wealth LLC now owns 2,158 shares of the investment management company's stock valued at $1,179,000 after buying an additional 156 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its holdings in The Goldman Sachs Group by 12.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 4,164 shares of the investment management company's stock valued at $2,275,000 after buying an additional 454 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 0.7%

GS stock traded down $4.19 during mid-day trading on Wednesday, reaching $599.64. The company had a trading volume of 1,294,578 shares, compared to its average volume of 2,368,309. The firm has a fifty day simple moving average of $552.09 and a 200 day simple moving average of $582.35. 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 fifty-two week low of $437.37 and a fifty-two week high of $672.19. The company has a market capitalization of $183.99 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last released 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period in the prior year, the firm earned $11.58 earnings per share. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 27.85%.

Insider Buying and Selling

In related news, Director John B. Hess bought 3,904 shares of the stock in a transaction on Tuesday, April 15th. The shares were 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 owns 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Daiwa America cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Evercore ISI lowered their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Barclays lowered their price target 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 price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Finally, JMP Securities decreased 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 research note 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $593.40.

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.