Laird Norton Wetherby Wealth Management LLC Has $6.42 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Laird Norton Wetherby Wealth Management LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,210 shares of the investment management company's stock after selling 511 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in The Goldman Sachs Group were worth $6,419,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock worth $3,761,576,000 after purchasing an additional 161,500 shares during the period. Fisher Asset Management LLC lifted its position in The Goldman Sachs Group by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock valued at $3,524,669,000 after acquiring an additional 112,696 shares during the last quarter. FMR LLC lifted its position in The Goldman Sachs Group by 23.7% during the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock valued at $2,053,614,000 after acquiring an additional 687,711 shares during the last quarter. Northern Trust Corp lifted its position in The Goldman Sachs Group by 15.0% during the fourth quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock valued at $1,885,454,000 after acquiring an additional 428,502 shares during the last quarter. Finally, Invesco Ltd. lifted its position in The Goldman Sachs Group by 8.3% during the fourth quarter. Invesco Ltd. now owns 3,010,583 shares of the investment management company's stock valued at $1,723,920,000 after acquiring an additional 229,673 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on GS shares. UBS Group increased their target price on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. JMP Securities decreased their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Evercore ISI decreased their target price on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research report on Tuesday, April 1st. Wells Fargo & Company decreased their price target on shares of 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. Finally, Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the stock an "equal weight" rating in a report on Monday, April 7th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $593.40.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

GS stock traded up $8.87 during trading on Wednesday, hitting $612.68. 2,873,712 shares of the company's stock traded hands, compared to its average volume of 2,384,477. 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, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19. The stock has a fifty day moving average price of $536.62 and a two-hundred day moving average price of $577.49. The stock has a market capitalization of $188.00 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released 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 net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter in the previous year, the firm earned $11.58 earnings per share. As a group, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 1.96%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

The Goldman Sachs Group Company 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.