Fort Washington Investment Advisors Inc. OH Sells 38,048 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Fort Washington Investment Advisors Inc. OH lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 413,235 shares of the investment management company's stock after selling 38,048 shares during the period. The Goldman Sachs Group comprises approximately 1.4% of Fort Washington Investment Advisors Inc. OH's portfolio, making the stock its 16th biggest position. Fort Washington Investment Advisors Inc. OH owned about 0.13% of The Goldman Sachs Group worth $225,746,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Asset Planning Inc purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter valued at $30,000. Godsey & Gibb Inc. grew its stake in The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares in the last quarter. Transce3nd LLC acquired a new position in The Goldman Sachs Group in the 4th quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

GS stock traded down $12.04 on Friday, reaching $613.07. 1,245,683 shares of the company were exchanged, compared to its average volume of 2,367,635. The firm has a market capitalization of $188.12 billion, a PE ratio of 15.12, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. The stock's fifty day moving average price is $565.10 and its 200 day moving average price is $583.47. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last posted 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 net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the previous year, the firm posted $11.58 EPS. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.96%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup dropped their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Evercore ISI cut their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Royal Bank of Canada lowered their target price on shares of 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. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average 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.