Consolidated Investment Group LLC Sells 480 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Consolidated Investment Group LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 11,025 shares of the investment management company's stock after selling 480 shares during the quarter. The Goldman Sachs Group accounts for approximately 0.9% of Consolidated Investment Group LLC's portfolio, making the stock its 26th largest holding. Consolidated Investment Group LLC's holdings in The Goldman Sachs Group were worth $6,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock valued at $2,172,423,000 after acquiring an additional 3,970,467 shares during the period. Norges Bank bought a new stake in The Goldman Sachs Group in the 4th quarter valued at about $1,603,315,000. Castlekeep Investment Advisors LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at about $944,334,000. Raymond James Financial Inc. bought a new stake in The Goldman Sachs Group in the 4th quarter valued at about $624,844,000. Finally, Proficio Capital Partners LLC raised its stake in The Goldman Sachs Group by 14,007.0% in the 4th quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock valued at $606,815,000 after acquiring an additional 1,052,204 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GS has been the topic of a number of research reports. Wall Street Zen cut The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Wells Fargo & Company reduced their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Barclays reduced their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, JMP Securities reduced their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $595.67.

The Goldman Sachs Group Trading Up 1.0%

Shares of The Goldman Sachs Group stock traded up $6.47 during trading on Monday, reaching $647.27. The company's stock had a trading volume of 2,017,969 shares, compared to its average volume of 2,374,092. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The company has a market cap of $198.61 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.87 and a beta of 1.32. The firm's 50-day moving average is $581.78 and its two-hundred day moving average is $584.30. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The company had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter in the prior year, the company earned $11.58 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid 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 1.85%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insider Activity

In other news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction 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 directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by corporate insiders.

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.