The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 11.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,429 shares of the investment management company's stock after selling 3,887 shares during the quarter. The Goldman Sachs Group comprises approximately 1.8% of Matrix Asset Advisors Inc. NY's portfolio, making the stock its 22nd biggest position. Matrix Asset Advisors Inc. NY's holdings in The Goldman Sachs Group were worth $16,623,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GS. Geode Capital Management LLC raised its stake in shares of The Goldman Sachs Group by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock worth $3,761,576,000 after purchasing an additional 161,500 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of The Goldman Sachs Group by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock worth $3,524,669,000 after purchasing an additional 112,696 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after purchasing an additional 3,970,467 shares during the last quarter. FMR LLC raised its stake in shares of The Goldman Sachs Group by 23.7% during the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock worth $2,053,614,000 after purchasing an additional 687,711 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of The Goldman Sachs Group by 15.0% during the fourth quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock worth $1,885,454,000 after purchasing an additional 428,502 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GS has been the subject of several analyst reports. Wells Fargo & Company cut their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Royal Bank Of Canada cut their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Wall Street Zen cut The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Evercore ISI cut their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Finally, Barclays lowered their target price on 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $595.67.

The Goldman Sachs Group Trading Up 1.0%

NYSE:GS traded up $6.47 during mid-day trading on Monday, reaching $647.27. The company's stock had a trading volume of 2,017,969 shares, compared to its average volume of 2,374,092. The company's fifty day simple moving average is $581.78 and its two-hundred day simple moving average is $584.30. 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 twelve month low of $437.37 and a twelve month high of $672.19. The stock has a market cap of $198.61 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.87 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period last year, the business posted $11.58 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.85%. The Goldman Sachs Group's dividend payout ratio (DPR) is 27.85%.

Insider Transactions at The Goldman Sachs Group

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 shares were purchased at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.55% of the company's stock.

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.