Miller Howard Investments Inc. NY Sells 106,097 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Miller Howard Investments Inc. NY lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 66.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 54,708 shares of the investment management company's stock after selling 106,097 shares during the period. Miller Howard Investments Inc. NY's holdings in The Goldman Sachs Group were worth $29,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Prestige Wealth Management Group LLC raised its position in shares of The Goldman Sachs Group by 1.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock worth $950,000 after acquiring an additional 18 shares during the last quarter. Wynn Capital LLC raised its holdings in The Goldman Sachs Group by 0.3% during 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 during the last quarter. 1900 Wealth Management LLC lifted its position in shares of 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 during the period. World Equity Group Inc. boosted its stake 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 purchasing an additional 20 shares during the last quarter. Finally, Register Financial Advisors LLC lifted its holdings in The Goldman Sachs Group by 2.5% in the first 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 during the period. Institutional investors own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In related news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director directly owned 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GS shares. JMP Securities cut their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a report on Monday, June 23rd. JPMorgan Chase & Co. dropped their price objective on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a research note on Friday, April 4th. Finally, Wall Street Zen downgraded The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $603.73.

The Goldman Sachs Group Stock Up 1.2%

The Goldman Sachs Group stock traded up $8.75 during trading hours on Wednesday, hitting $715.21. The stock had a trading volume of 2,905,766 shares, compared to its average volume of 2,390,196. The stock has a market capitalization of $219.46 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. 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 stock's 50-day moving average price is $606.17 and its 200-day moving average price is $588.74. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $718.68.

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, topping 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 quarter in the previous year, the firm earned $11.58 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a dividend of $3.00 per share. The ex-dividend date was Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.68%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

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.