Gries Financial LLC Has $576,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Gries Financial LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 75.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,055 shares of the investment management company's stock after selling 3,221 shares during the quarter. Gries Financial LLC's holdings in The Goldman Sachs Group were worth $576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Crestwood Advisors Group LLC raised its holdings in shares of The Goldman Sachs Group by 2.3% during the first quarter. Crestwood Advisors Group LLC now owns 13,822 shares of the investment management company's stock worth $7,551,000 after acquiring an additional 305 shares during the period. Hazlett Burt & Watson Inc. raised its holdings in shares of The Goldman Sachs Group by 7.9% during the first quarter. Hazlett Burt & Watson Inc. now owns 998 shares of the investment management company's stock worth $544,000 after acquiring an additional 73 shares during the period. Kingsman Wealth Management Inc. acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth $5,107,000. Peregrine Asset Advisers Inc. raised its holdings in shares of The Goldman Sachs Group by 79.6% during the first quarter. Peregrine Asset Advisers Inc. now owns 1,476 shares of the investment management company's stock worth $806,000 after acquiring an additional 654 shares during the period. Finally, 4WEALTH Advisors Inc. raised its holdings in shares of The Goldman Sachs Group by 7.2% during the first quarter. 4WEALTH Advisors Inc. now owns 772 shares of the investment management company's stock worth $421,000 after acquiring an additional 52 shares during the period. 71.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. JMP Securities restated a "market perform" rating and set a $600.00 price objective on shares of The Goldman Sachs Group in a report on Monday, July 14th. Citizens Jmp restated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Morgan Stanley boosted their price target on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Finally, HSBC restated a "reduce" rating and set a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $660.00.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock traded up $3.85 during trading on Thursday, hitting $721.37. 1,348,863 shares of the stock were exchanged, compared to its average volume of 2,643,809. The stock has a market capitalization of $221.35 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.49 and a beta of 1.35. The company has a fifty day moving average price of $653.33 and a 200-day moving average price of $603.62. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The Goldman Sachs Group's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business earned $8.62 EPS. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a dividend of $4.00 per share. The ex-dividend date is Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a dividend yield of 2.22%. The Goldman Sachs Group's payout ratio is currently 26.44%.

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.