The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 39.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,600 shares of the investment management company's stock after selling 18,600 shares during the quarter. Factory Mutual Insurance Co.'s holdings in The Goldman Sachs Group were worth $15,624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GS. Asset Planning Inc purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth $29,000. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group during the 4th quarter worth about $30,000. Godsey & Gibb Inc. lifted 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 worth $30,000 after buying an additional 34 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GS shares. Keefe, Bruyette & Woods cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. Evercore ISI lowered their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. JMP Securities lowered their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada lowered their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 15th. Finally, Wall Street Zen lowered The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and a consensus target price of $593.40.

The Goldman Sachs Group Trading Down 1.9%

GS traded down $12.04 during trading on Friday, hitting $613.07. The company's stock had a trading volume of 1,674,605 shares, compared to its average volume of 2,373,273. The firm's 50 day moving average price is $568.13 and its 200-day moving average price is $583.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $188.12 billion, a PE ratio of 15.12, a PEG ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve 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 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period in the previous year, the firm posted $11.58 EPS. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.96%. The Goldman Sachs Group's payout ratio is 27.85%.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, 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 position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by insiders.

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.