The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 32.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,878 shares of the investment management company's stock after selling 921 shares during the period. Kintegral Advisory LLC's holdings in The Goldman Sachs Group were worth $1,026,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock worth $1,989,000 after acquiring an additional 508 shares during the period. Revolve Wealth Partners LLC raised its holdings in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after purchasing an additional 58 shares during the period. Bank Pictet & Cie Europe AG purchased a new position in The Goldman Sachs Group during the fourth quarter valued at $583,000. Highview Capital Management LLC DE lifted its position in The Goldman Sachs Group by 4.7% during the fourth quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock valued at $2,186,000 after purchasing an additional 171 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in The Goldman Sachs Group by 22.0% during the fourth quarter. Assetmark Inc. now owns 9,895 shares of the investment management company's stock valued at $5,666,000 after purchasing an additional 1,787 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Evercore ISI raised their price objective on The Goldman Sachs Group from $630.00 to $715.00 and gave the stock an "outperform" rating in a research note on Wednesday. Barclays lowered their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen lowered shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, JMP Securities lowered their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $603.73.

The Goldman Sachs Group Trading Up 1.3%

Shares of GS stock traded up $9.16 on Friday, reaching $725.05. 1,502,041 shares of the company's stock were exchanged, compared to its average volume of 2,395,824. The stock has a market capitalization of $222.47 billion, a PE ratio of 16.83, a P/E/G ratio of 0.99 and a beta of 1.35. 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 Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $726.00. The company's fifty day simple moving average is $617.08 and its 200 day simple moving average is $591.61.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share 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 business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period in the previous year, the company posted $11.58 EPS. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were purchased 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 owned 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.55% of the company's stock.

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.