The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 30.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,894 shares of the investment management company's stock after selling 833 shares during the quarter. Consilium Wealth Advisory LLC's holdings in The Goldman Sachs Group were worth $1,035,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GS. Deutsche Bank AG boosted its position in shares of The Goldman Sachs Group by 15.4% during the fourth quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company's stock worth $594,412,000 after buying an additional 138,198 shares during the period. Baxter Bros Inc. lifted its stake in The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock worth $8,879,000 after acquiring an additional 151 shares in the last quarter. Erste Asset Management GmbH boosted its holdings in The Goldman Sachs Group by 5.9% during the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock valued at $3,309,000 after acquiring an additional 320 shares during the period. Atlas Legacy Advisors LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at about $356,000. Finally, Fidelis Capital Partners LLC increased its stake in The Goldman Sachs Group by 65.7% during the fourth quarter. Fidelis Capital Partners LLC now owns 7,418 shares of the investment management company's stock worth $4,691,000 after purchasing an additional 2,942 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Up 1.8%

Shares of NYSE GS traded up $11.05 on Wednesday, reaching $635.69. 2,421,001 shares of the company traded hands, compared to its average volume of 2,373,549. The stock has a market capitalization of $195.05 billion, a PE ratio of 14.75, a P/E/G ratio of 0.85 and a beta of 1.32. 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 current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The company has a 50 day moving average of $573.58 and a 200 day moving average of $583.63.

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 earnings per share for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same quarter last year, the business earned $11.58 EPS. On average, equities 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.89%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research reports. 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 for the company in a report on Tuesday, April 15th. Wells Fargo & Company reduced their price target on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. cut their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $593.40.

About The Goldman Sachs Group

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.