First Horizon Advisors Inc. Has $825,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

First Horizon Advisors Inc. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 19.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,510 shares of the investment management company's stock after selling 359 shares during the period. First Horizon Advisors Inc.'s holdings in The Goldman Sachs Group were worth $825,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of The Goldman Sachs Group by 63,864.7% in the first 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 in the last quarter. International Assets Investment Management LLC bought a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $1,766,238,000. Norges Bank bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $1,603,315,000. Castlekeep Investment Advisors LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $944,334,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in The Goldman Sachs Group by 214.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,294,084 shares of the investment management company's stock valued at $741,018,000 after purchasing an additional 882,099 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director directly owned 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GS shares. Wells Fargo & Company cut their target price 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. JMP Securities cut their target price 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. Wall Street Zen lowered shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Royal Bank Of Canada cut their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 15th. Finally, Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $603.73.

The Goldman Sachs Group Stock Down 1.8%

The Goldman Sachs Group stock traded down $13.10 during trading hours on Monday, hitting $710.58. The company had a trading volume of 2,862,335 shares, compared to its average volume of 2,400,902. The firm has a market capitalization of $218.03 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The firm's fifty day moving average is $620.36 and its 200-day moving average is $593.17. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The firm 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 in the prior year, the business earned $11.58 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a $3.00 dividend. The ex-dividend date was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.69%. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

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.