Hudock Inc. Trims Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Hudock Inc. cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 48.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,393 shares of the investment management company's stock after selling 1,300 shares during the quarter. Hudock Inc.'s holdings in The Goldman Sachs Group were worth $761,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GS. Curio Wealth LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth about $30,000. Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group in the 4th quarter worth approximately $31,000. American Capital Advisory LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth approximately $29,000. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Finally, Godsey & Gibb Inc. increased its holdings in shares of 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 during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GS shares. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Barclays dropped their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a report on Monday. Daiwa Capital Markets cut shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a research note on Friday, April 4th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $630.87.

The Goldman Sachs Group Stock Down 0.3%

NYSE GS traded down $2.20 during trading hours on Thursday, hitting $706.62. 2,028,789 shares of the company were exchanged, compared to its average volume of 2,670,717. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The firm has a market cap of $216.82 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 0.96 and a beta of 1.35. The company has a 50 day moving average of $641.38 and a two-hundred day moving average of $599.03. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The company had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter in the previous year, the firm earned $8.62 earnings per share. The firm's quarterly revenue was up 14.5% on a year-over-year basis. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a $4.00 dividend. The ex-dividend date is Friday, August 29th. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.26%. The Goldman Sachs Group's dividend 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.