Northstar Advisory Group LLC Sells 1,556 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Northstar Advisory Group LLC lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 22.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,522 shares of the investment management company's stock after selling 1,556 shares during the period. The Goldman Sachs Group accounts for 2.0% of Northstar Advisory Group LLC's holdings, making the stock its 11th largest holding. Northstar Advisory Group LLC's holdings in The Goldman Sachs Group were worth $3,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GS. Asset Planning Inc bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $29,000. Curio Wealth LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $30,000. Godsey & Gibb Inc. lifted its stake 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 worth $30,000 after acquiring an additional 34 shares during the period. Transce3nd LLC bought a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. Institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JMP Securities dropped their price target 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 report on Tuesday, April 8th. Royal Bank of Canada dropped 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 report on Tuesday, April 15th. Keefe, Bruyette & Woods cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and cut their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Finally, Wells Fargo & Company dropped their price objective on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group Stock Up 0.2%

Shares of The Goldman Sachs Group stock traded up $1.02 during trading hours on Thursday, reaching $625.19. The company's stock had a trading volume of 1,632,468 shares, compared to its average volume of 2,368,165. The company has a market capitalization of $191.83 billion, a P/E ratio of 15.42, a P/E/G ratio of 0.89 and a beta of 1.32. The stock's fifty day simple moving average is $561.88 and its two-hundred day simple moving average is $583.31. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced 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 business had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same quarter last year, the firm earned $11.58 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The Goldman Sachs Group's payout ratio is 27.85%.

Insider Buying and Selling

In other news, Director John B. Hess bought 3,904 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

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.