Nisa Investment Advisors LLC Sells 19,185 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Nisa Investment Advisors LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 16.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 94,947 shares of the investment management company's stock after selling 19,185 shares during the quarter. Nisa Investment Advisors LLC's holdings in The Goldman Sachs Group were worth $51,869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. American Capital Advisory LLC purchased a new position in The Goldman Sachs Group during the first quarter valued at $29,000. Curio Wealth LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth $30,000. Godsey & Gibb Inc. raised its stake in shares of The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after purchasing an additional 34 shares during the last quarter. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the company's stock in a transaction that occurred 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 purchase, the director directly owned 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GS shares. HSBC reaffirmed a "reduce" rating and issued a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday. Daiwa Capital Markets lowered 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. Royal Bank Of Canada cut their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Finally, Hsbc Global Res lowered The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $614.00.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded down $0.44 during mid-day trading on Wednesday, reaching $696.84. The stock had a trading volume of 1,763,240 shares, compared to its average volume of 2,401,895. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The company has a market cap of $213.82 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $726.00. The business's 50 day moving average price is $623.32 and its 200 day moving average price is $593.89.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same period in the prior year, the business posted $11.58 earnings per share. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors 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 yield of 1.72%. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.85%.

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.