Private Wealth Partners LLC Has $23.56 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Private Wealth Partners LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,120 shares of the investment management company's stock after selling 832 shares during the period. The Goldman Sachs Group accounts for about 2.0% of Private Wealth Partners LLC's investment portfolio, making the stock its 16th biggest holding. Private Wealth Partners LLC's holdings in The Goldman Sachs Group were worth $23,556,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GS. Brighton Jones LLC raised its stake 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 valued at $1,989,000 after buying an additional 508 shares during the period. Union Bancaire Privee UBP SA bought a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $32,815,000. Revolve Wealth Partners LLC raised its stake in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after buying an additional 58 shares during the period. Van ECK Associates Corp raised its stake in The Goldman Sachs Group by 2.6% in the fourth quarter. Van ECK Associates Corp now owns 6,320 shares of the investment management company's stock valued at $3,619,000 after buying an additional 163 shares during the period. Finally, Bank Pictet & Cie Europe AG bought a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $583,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GS shares. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $690.00 to $660.00 in a research note on Thursday, February 27th. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. lowered their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Wall Street Zen lowered The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Finally, Citigroup lowered their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $595.67.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of The Goldman Sachs Group 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 acquisition, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded up $6.47 during mid-day trading on Monday, reaching $647.27. 2,017,969 shares of the company were exchanged, compared to its average volume of 2,374,092. The company has a fifty day simple moving average of $584.65 and a 200-day simple moving average of $584.63. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. 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 firm has a market cap of $198.61 billion, a PE ratio of 15.02, a PEG ratio of 0.87 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted 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 Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The firm had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same quarter last year, the company earned $11.58 EPS. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

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.