The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Decreased by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 24.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,325 shares of the investment management company's stock after selling 438 shares during the quarter. Pursue Wealth Partners LLC's holdings in The Goldman Sachs Group were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted 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 valued at $2,172,423,000 after acquiring an additional 3,970,467 shares during the last quarter. Norges Bank acquired a new position in The Goldman Sachs Group in the 4th quarter valued at about $1,603,315,000. Castlekeep Investment Advisors LLC purchased a new position in The Goldman Sachs Group in the 4th quarter valued at about $944,334,000. Raymond James Financial Inc. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $624,844,000. Finally, Proficio Capital Partners LLC grew its holdings in shares of The Goldman Sachs Group by 14,007.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company's stock worth $606,815,000 after buying an additional 1,052,204 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 2.3%

NYSE:GS traded up $14.85 on Tuesday, reaching $661.73. The stock had a trading volume of 2,306,179 shares, compared to its average volume of 2,375,797. The company has a 50-day moving average of $587.73 and a 200 day moving average of $585.16. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The stock has a market cap of $203.05 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 0.88 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the prior year, the business posted $11.58 earnings per share. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's payout ratio is currently 27.85%.

Insider Buying and Selling

In related news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GS shares. 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. Citigroup cut their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Daiwa America cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Finally, Royal Bank Of Canada reduced their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $595.67.

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.