GTS Securities LLC Trims Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

GTS Securities LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 98.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,549 shares of the investment management company's stock after selling 76,942 shares during the quarter. GTS Securities LLC's holdings in The Goldman Sachs Group were worth $887,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GS. Brighton Jones LLC lifted its stake in The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after acquiring an additional 508 shares during the period. Cornerstone Wealth Management LLC lifted its position in The Goldman Sachs Group by 14.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 935 shares of the investment management company's stock valued at $535,000 after purchasing an additional 118 shares during the period. Grimes & Company Inc. boosted its holdings in The Goldman Sachs Group by 0.9% in the fourth quarter. Grimes & Company Inc. now owns 3,927 shares of the investment management company's stock worth $2,249,000 after purchasing an additional 34 shares during the last quarter. GSB Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth approximately $222,000. Finally, Flagship Harbor Advisors LLC grew its position in The Goldman Sachs Group by 25.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 1,045 shares of the investment management company's stock worth $598,000 after purchasing an additional 212 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded down $6.83 during midday trading on Wednesday, reaching $608.90. 1,996,856 shares of the company were exchanged, compared to its average volume of 2,381,409. The stock has a market cap of $186.84 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The business's fifty day moving average is $549.06 and its two-hundred day moving average is $582.04. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business 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 firm earned $11.58 EPS. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is presently 27.85%.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

GS has been the topic of a number of research reports. Evercore ISI dropped their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Keefe, Bruyette & Woods downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, Daiwa Capital Markets lowered shares of 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. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $593.40.

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.