Sigma Investment Counselors Inc. Sells 485 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Sigma Investment Counselors Inc. lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,954 shares of the investment management company's stock after selling 485 shares during the period. Sigma Investment Counselors Inc.'s holdings in The Goldman Sachs Group were worth $6,530,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Prestige Wealth Management Group LLC grew its holdings 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 buying an additional 18 shares in the last quarter. Wynn Capital LLC grew its holdings in shares of The Goldman Sachs Group by 0.3% during the first quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock worth $3,211,000 after buying an additional 20 shares in the last quarter. 1900 Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group by 2.6% during the first quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock worth $425,000 after buying an additional 20 shares in the last quarter. World Equity Group Inc. grew its holdings in shares of The Goldman Sachs Group by 0.9% during the first quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company's stock worth $1,273,000 after buying an additional 20 shares in the last quarter. Finally, Register Financial Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 2.5% during the first quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock worth $440,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GS. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the stock an "equal weight" rating in a research report on Monday, June 23rd. Wall Street Zen cut shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. HSBC reissued a "reduce" rating and issued a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Finally, JMP Securities decreased their target price 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $614.00.

The Goldman Sachs Group Stock Up 0.2%

Shares of NYSE GS traded up $1.37 during mid-day trading on Wednesday, reaching $698.65. The company had a trading volume of 571,149 shares, compared to its average volume of 2,397,307. The stock has a fifty day moving average of $623.32 and a two-hundred day moving average of $593.89. 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 company has a market capitalization of $214.37 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.97 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12-month low of $437.37 and a 12-month high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data 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 Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. 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 firm earned $11.58 earnings per share. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is 27.85%.

Insider Activity

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

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.