Kintegral Advisory LLC Sells 921 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Kintegral Advisory LLC lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GS. Prestige Wealth Management Group LLC boosted its holdings in shares of The Goldman Sachs Group by 1.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock worth $950,000 after buying an additional 18 shares during the period. Wynn Capital LLC raised its stake in The Goldman Sachs Group by 0.3% in the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock worth $3,211,000 after purchasing an additional 20 shares in the last quarter. 1900 Wealth Management LLC raised its stake in The Goldman Sachs Group by 2.6% in the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock worth $425,000 after purchasing an additional 20 shares in the last quarter. World Equity Group Inc. raised its position in shares of The Goldman Sachs Group by 0.9% in the 1st quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company's stock valued at $1,273,000 after buying an additional 20 shares in the last quarter. Finally, Register Financial Advisors LLC raised its position in shares of The Goldman Sachs Group by 2.5% in the 1st quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock valued at $440,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the company an "equal weight" rating in a research note on Monday, June 23rd. JMP Securities reduced 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 research note on Tuesday, April 8th. Royal Bank Of Canada cut 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 note on Tuesday, April 15th. Finally, Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $614.00.

The Goldman Sachs Group Stock Down 2.0%

Shares of GS stock traded down $14.15 on Tuesday, hitting $696.78. The stock had a trading volume of 3,098,904 shares, compared to its average volume of 2,404,448. The business has a 50 day moving average of $623.32 and a 200 day moving average of $593.89. The stock has a market cap of $213.80 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same quarter in the prior year, the business earned $11.58 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were given a dividend of $3.00 per share. The ex-dividend date was Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.72%. The Goldman Sachs Group's payout ratio is currently 27.85%.

Insiders Place Their Bets

In related news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director owned 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company's stock.

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.