Talbot Financial LLC Has $22.17 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Talbot Financial LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,582 shares of the investment management company's stock after selling 560 shares during the quarter. The Goldman Sachs Group accounts for 2.8% of Talbot Financial LLC's investment portfolio, making the stock its 7th biggest position. Talbot Financial LLC's holdings in The Goldman Sachs Group were worth $22,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. boosted its holdings in The Goldman Sachs Group by 10.9% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock worth $93,000 after acquiring an additional 16 shares during the last quarter. Ledyard National Bank increased its position in shares of The Goldman Sachs Group by 3.4% during the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock valued at $278,000 after buying an additional 16 shares during the period. Seelaus Asset Management LLC increased its position in shares of The Goldman Sachs Group by 2.5% during the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock valued at $378,000 after buying an additional 16 shares during the period. Pointe Capital Management LLC increased its position in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock worth $951,000 after purchasing an additional 16 shares during the last quarter. Finally, Horst & Graben Wealth Management LLC boosted its stake in The Goldman Sachs Group by 1.5% in the fourth quarter. Horst & Graben Wealth Management LLC now owns 1,179 shares of the investment management company's stock worth $675,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Activity

In related news, Director John B. Hess purchased 3,904 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Daiwa Capital Markets lowered 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 note on Friday, April 4th. 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. Citigroup dropped their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, JMP Securities dropped their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Stock Up 1.4%

The Goldman Sachs Group stock traded up $8.34 on Thursday, hitting $607.55. 1,238,950 shares of the stock traded hands, compared to its average volume of 2,366,110. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $186.42 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The business's fifty day simple moving average is $553.22 and its 200 day simple moving average is $582.47. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year 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 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period last year, the company earned $11.58 earnings per share. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.98%. The Goldman Sachs Group's 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.