Wealth Advisory Solutions LLC Has $1.33 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Wealth Advisory Solutions LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 16.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,435 shares of the investment management company's stock after selling 487 shares during the period. Wealth Advisory Solutions LLC's holdings in The Goldman Sachs Group were worth $1,330,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GS. American Capital Advisory LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at approximately $29,000. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $30,000. Godsey & Gibb Inc. increased its position in 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 worth $30,000 after acquiring an additional 34 shares during the period. Transce3nd LLC acquired a new position in The Goldman Sachs Group during the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group in the 4th quarter valued at $31,000. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GS. HSBC restated a "reduce" rating and set a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday. Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday. JMP Securities dropped their price objective on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Daiwa Capital Markets downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $614.00.

The Goldman Sachs Group Stock Down 0.7%

The Goldman Sachs Group stock traded down $5.01 during mid-day trading on Friday, reaching $704.11. The company's stock had a trading volume of 1,681,679 shares, compared to its average volume of 2,388,916. The company has a market capitalization of $216.05 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.96 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $726.00. The business's 50 day simple moving average is $632.13 and its 200 day simple moving average is $596.48. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same quarter last year, the company posted $11.58 earnings per share. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Insider Buying and Selling

In other news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, for a total transaction 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. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.55% of the stock is currently owned by corporate 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.