The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,312 shares of the investment management company's stock after selling 648 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in The Goldman Sachs Group were worth $2,902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of GS. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $30,000. Godsey & Gibb Inc. lifted its holdings in shares of The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after buying an additional 34 shares during the period. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth $31,000. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. Royal Bank of Canada dropped their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Daiwa America downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Wells Fargo & Company dropped their price objective on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $593.40.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess bought 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Down 1.9%

The Goldman Sachs Group stock traded down $12.04 during midday trading on Friday, reaching $613.07. The company's stock had a trading volume of 1,674,605 shares, compared to its average volume of 2,373,273. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $672.19. The stock has a market capitalization of $188.12 billion, a P/E ratio of 15.12, a PEG ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock's 50-day simple moving average is $568.13 and its 200-day simple moving average is $583.37.

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, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same period last year, the business posted $11.58 earnings per share. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current 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 paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

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.