The Goldman Sachs Group, Inc. (NYSE:GS) Stake Cut by Lbp Am Sa

Lbp Am Sa decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 65.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,697 shares of the investment management company's stock after selling 3,173 shares during the period. Lbp Am Sa's holdings in The Goldman Sachs Group were worth $927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. American Capital Advisory LLC acquired a new stake in The Goldman Sachs Group during the first quarter worth about $29,000. Curio Wealth LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $30,000. Godsey & Gibb Inc. grew its holdings in shares of The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after purchasing an additional 34 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GS. HSBC restated a "reduce" rating and set a $627.00 price objective (up from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday. Evercore ISI set a $715.00 price objective on shares of The Goldman Sachs Group and gave the stock an "outperform" rating in a report on Thursday. Morgan Stanley reissued an "equal weight" rating on shares of The Goldman Sachs Group in a research note on Thursday. 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. Finally, Barclays cut their price target on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Two 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. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus price target of $614.00.

The Goldman Sachs Group Stock Up 1.8%

Shares of GS stock opened at $709.29 on Friday. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $726.00. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.68 and a current ratio of 0.68. The business's fifty day moving average is $629.38 and its 200-day moving average is $595.55. The stock has a market cap of $217.64 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 0.95 and a beta of 1.35.

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 for the quarter, beating 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 business had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter last year, the business posted $11.58 earnings per share. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were paid a $3.00 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.69%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Insider Activity at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were 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 of the company's stock, valued at approximately $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.

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