Global Trust Asset Management LLC Decreases Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Global Trust Asset Management LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 29.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,033 shares of the investment management company's stock after selling 862 shares during the quarter. Global Trust Asset Management LLC's holdings in The Goldman Sachs Group were worth $1,111,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GS. Insigneo Advisory Services LLC increased its holdings in shares of The Goldman Sachs Group by 16.1% in the 1st quarter. Insigneo Advisory Services LLC now owns 4,046 shares of the investment management company's stock valued at $2,210,000 after acquiring an additional 560 shares during the period. NBT Bank N A NY increased its holdings in shares of The Goldman Sachs Group by 9.9% in the 1st quarter. NBT Bank N A NY now owns 9,293 shares of the investment management company's stock valued at $5,077,000 after acquiring an additional 838 shares during the period. Strategic Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 10.6% in the 1st quarter. Strategic Advisors LLC now owns 19,216 shares of the investment management company's stock valued at $10,497,000 after acquiring an additional 1,842 shares during the period. Kercheville Advisors LLC grew its stake in The Goldman Sachs Group by 8.1% in the first quarter. Kercheville Advisors LLC now owns 2,675 shares of the investment management company's stock valued at $1,461,000 after purchasing an additional 200 shares during the last quarter. Finally, Vivid Wealth Management LLC grew its holdings in The Goldman Sachs Group by 3.4% in the first quarter. Vivid Wealth Management LLC now owns 4,218 shares of the investment management company's stock worth $2,304,000 after purchasing an additional 137 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Up 1.8%

The Goldman Sachs Group stock traded up $11.05 during trading on Wednesday, hitting $635.69. The company had a trading volume of 2,421,001 shares, compared to its average volume of 2,373,549. 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 stock has a market cap of $195.05 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 0.85 and a beta of 1.32. The company's 50 day simple moving average is $573.58 and its 200-day simple moving average is $583.63. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results 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 return on equity of 13.76% and a net margin of 11.86%. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same period in the prior year, the firm earned $11.58 EPS. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the stock in a transaction on Tuesday, April 15th. The stock was purchased 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.55% of the company's stock.

Analyst Ratings Changes

GS has been the topic of several research analyst reports. Royal Bank Of Canada dropped 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. JMP Securities dropped their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Barclays dropped their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Wall Street Zen downgraded shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group 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.