Vident Advisory LLC Sells 5,137 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Vident Advisory LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 58.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,720 shares of the investment management company's stock after selling 5,137 shares during the quarter. Vident Advisory LLC's holdings in The Goldman Sachs Group were worth $2,132,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GS. Jackson Grant Investment Advisers Inc. increased its holdings in The Goldman Sachs Group by 10.9% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 163 shares of the investment management company's stock worth $93,000 after purchasing an additional 16 shares in the last quarter. Ledyard National Bank increased its holdings in The Goldman Sachs Group by 3.4% in the fourth quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock worth $278,000 after purchasing an additional 16 shares in the last quarter. Seelaus Asset Management LLC increased its holdings in The Goldman Sachs Group by 2.5% in the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock worth $378,000 after purchasing an additional 16 shares in the last quarter. Pointe Capital Management LLC increased its holdings in 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 in the last quarter. Finally, Genesee Capital Advisors LLC increased its holdings in The Goldman Sachs Group by 1.0% in the fourth quarter. Genesee Capital Advisors LLC now owns 1,788 shares of the investment management company's stock worth $1,024,000 after purchasing an additional 17 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective for the company. in a report on Friday, April 4th. JMP Securities decreased their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, Evercore ISI decreased their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Thirteen 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 company presently has a consensus rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group Stock Up 0.1%

Shares of NYSE:GS traded up $0.76 during mid-day trading on Friday, hitting $598.99. 1,530,101 shares of the company traded hands, compared to its average volume of 2,381,190. The stock has a market cap of $183.80 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.89 and a beta of 1.32. 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, Inc. has a 12-month low of $437.37 and a 12-month high of $672.19. The stock has a 50-day moving average price of $547.17 and a two-hundred day moving average price of $581.74.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) 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 company had revenue of $15.06 billion for the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter in the previous year, the firm earned $11.58 earnings per share. On average, equities research 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.00%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Insiders Place Their Bets

In other The Goldman Sachs Group 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, with a total value of $1,997,598.72. Following the completion of the transaction, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.55% of the company's stock.

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.