USA Financial Formulas Sells 1,543 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

USA Financial Formulas decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 80.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 381 shares of the investment management company's stock after selling 1,543 shares during the quarter. USA Financial Formulas' holdings in The Goldman Sachs Group were worth $208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Assenagon Asset Management S.A. raised its holdings in shares of The Goldman Sachs Group by 102.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company's stock worth $8,065,000 after purchasing an additional 585,084 shares during the period. Michael S. Ryan Inc. purchased a new position in The Goldman Sachs Group during the 1st quarter worth approximately $360,000. Franklin Street Advisors Inc. NC increased its stake in shares of The Goldman Sachs Group by 13.0% in the first quarter. Franklin Street Advisors Inc. NC now owns 43,296 shares of the investment management company's stock worth $23,652,000 after acquiring an additional 4,992 shares during the last quarter. Sanibel Captiva Trust Company Inc. raised its position in The Goldman Sachs Group by 2.2% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 18,832 shares of the investment management company's stock valued at $10,288,000 after acquiring an additional 401 shares in the last quarter. Finally, Avanza Fonder AB lifted its position in shares of The Goldman Sachs Group by 1.0% in the first quarter. Avanza Fonder AB now owns 23,748 shares of the investment management company's stock worth $13,372,000 after buying an additional 244 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now owns 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

NYSE:GS traded down $12.77 during mid-day trading on Friday, reaching $612.34. 1,049,673 shares of the stock were exchanged, compared to its average volume of 2,365,648. The stock has a market capitalization of $187.89 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $672.19. The company has a 50 day simple moving average of $565.10 and a 200-day simple moving average of $583.47. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results 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 Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same period last year, the company posted $11.58 earnings per share. Analysts anticipate 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's payout ratio is currently 27.85%.

Analyst Ratings Changes

GS has been the topic of a number of recent research reports. Citigroup decreased their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Royal Bank of Canada dropped their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 15th. Barclays dropped their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $593.40.

About The Goldman Sachs Group

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.