Integrated Investment Consultants LLC Has $651,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Integrated Investment Consultants LLC reduced its holdings in The Goldman Sachs Group by 34.1% in Q1, owning 1,191 shares after selling 616 shares.
• Goldman Sachs reported a quarterly EPS of $10.91, exceeding expectations by $1.09, with revenues of $14.58 billion up 14.5% year-over-year.
• The company announced an increase in its quarterly dividend to $4.00 per share, providing a yield of 2.20%, set to be paid on September 29th.

Integrated Investment Consultants LLC cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 34.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,191 shares of the investment management company's stock after selling 616 shares during the period. Integrated Investment Consultants LLC's holdings in The Goldman Sachs Group were worth $651,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock valued at $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after acquiring an additional 58 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $583,000. Highview Capital Management LLC DE boosted its stake in The Goldman Sachs Group by 4.7% in the 4th quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock worth $2,186,000 after purchasing an additional 171 shares during the period. Finally, Modern Wealth Management LLC purchased a new position in The Goldman Sachs Group during the 4th quarter worth approximately $538,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the transaction, the chief executive officer owned 126,176 shares in the company, valued at approximately $89,876,426.56. This trade represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the sale, the executive vice president owned 65,761 shares in the company, valued at $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,079 shares of company stock valued at $14,423,221 in the last three months. Corporate insiders own 0.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GS shares. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a report on Thursday, July 17th. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Evercore ISI set a $715.00 price target on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Citizens Jmp reissued a "market perform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, Wall Street Zen raised The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average price target of $660.00.

The Goldman Sachs Group Stock Performance

GS traded down $5.13 during trading on Monday, hitting $723.85. The stock had a trading volume of 1,464,702 shares, compared to its average volume of 2,211,124. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.12 and a quick ratio of 0.68. The firm has a market cap of $222.11 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.55 and a beta of 1.35. The company has a 50 day moving average price of $657.60 and a 200-day moving average price of $605.94. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $732.52.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The business had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The Goldman Sachs Group's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $8.62 earnings per share. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio (DPR) is 26.44%.

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.