Sentinel Trust Co. LBA Decreases Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Sentinel Trust Co. LBA cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 40.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 533 shares of the investment management company's stock after selling 359 shares during the quarter. Sentinel Trust Co. LBA's holdings in The Goldman Sachs Group were worth $291,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Curio Wealth LLC purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $30,000. Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $31,000. American Capital Advisory LLC purchased a new position in The Goldman Sachs Group during the 1st quarter valued at about $29,000. Transce3nd LLC purchased a new position in The Goldman Sachs Group during the 4th quarter valued at about $31,000. Finally, Godsey & Gibb Inc. grew its holdings in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after buying an additional 34 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 1.2%

NYSE:GS traded up $8.35 during mid-day trading on Monday, hitting $713.30. 1,906,409 shares of the company's stock traded hands, compared to its average volume of 2,386,995. The company has a fifty day moving average of $632.13 and a 200 day moving average of $596.59. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $726.00. The company has a market capitalization of $218.87 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.96 and a beta of 1.35. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates 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 in the prior year, the company earned $11.58 earnings per share. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were paid a $3.00 dividend. 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 payout ratio is 27.85%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director owned 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GS shares. Citigroup reduced their target price 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. HSBC reiterated a "reduce" rating and set a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. JMP Securities reiterated a "market perform" rating and set a $600.00 price target on shares of The Goldman Sachs Group in a research report on Monday. Hsbc Global Res downgraded The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Finally, 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 report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus price target of $614.00.

About The Goldman Sachs Group

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.