The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,009 shares of the investment management company's stock after selling 864 shares during the quarter. M&T Bank Corp's holdings in The Goldman Sachs Group were worth $14,208,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Prestige Wealth Management Group LLC increased its position in The Goldman Sachs Group by 1.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,659 shares of the investment management company's stock valued at $950,000 after purchasing an additional 18 shares during the period. Wynn Capital LLC boosted its stake in The Goldman Sachs Group by 0.3% in the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company's stock worth $3,211,000 after purchasing an additional 20 shares in the last quarter. 1900 Wealth Management LLC boosted its stake in The Goldman Sachs Group by 2.6% in the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company's stock worth $425,000 after purchasing an additional 20 shares in the last quarter. World Equity Group Inc. boosted its stake in The Goldman Sachs Group by 0.9% in the 1st quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company's stock worth $1,273,000 after purchasing an additional 20 shares in the last quarter. Finally, Register Financial Advisors LLC lifted its stake in The Goldman Sachs Group by 2.5% during the 1st quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company's stock valued at $440,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Buying and Selling

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

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded down $0.44 during mid-day trading on Wednesday, hitting $696.84. 1,763,240 shares of the company were exchanged, compared to its average volume of 2,401,894. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The stock has a 50 day simple moving average of $623.32 and a 200-day simple moving average of $593.89. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $726.00. The firm has a market cap of $213.82 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35.

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, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. 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. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

Analyst Ratings Changes

GS has been the subject of several research reports. Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the company an "overweight" rating in a research note on Tuesday. Barclays reduced their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. 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 report on Friday, April 4th. Daiwa America cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Hold" and an average target price of $614.00.

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.