The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,044 shares of the investment management company's stock after selling 7,620 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in The Goldman Sachs Group were worth $25,793,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its stake in shares of The Goldman Sachs Group by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company's stock worth $129,144,000 after acquiring an additional 5,541 shares during the period. Baxter Bros Inc. lifted its holdings in The Goldman Sachs Group by 1.0% in the fourth quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company's stock valued at $8,879,000 after acquiring an additional 151 shares during the period. Erste Asset Management GmbH lifted its stake in shares of The Goldman Sachs Group by 5.9% in the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company's stock valued at $3,309,000 after purchasing an additional 320 shares during the period. Franklin Street Advisors Inc. NC boosted its holdings in The Goldman Sachs Group by 8.1% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company's stock worth $21,934,000 after buying an additional 2,863 shares in the last quarter. Finally, Atlas Legacy Advisors LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter valued at $356,000. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling

In other news, Director John B. Hess bought 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, with a total value 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. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of analyst reports. Citigroup dropped 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. Daiwa America cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Daiwa Capital Markets lowered shares of The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target for the company. in a report on Friday, April 4th. JMP Securities decreased 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. Finally, UBS Group raised their target price on 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. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $593.40.

The Goldman Sachs Group Stock Down 1.2 %

GS stock traded down $6.69 during midday trading on Monday, reaching $559.41. 2,196,793 shares of the company were exchanged, compared to its average volume of 2,372,313. The company has a market cap of $174.56 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $437.37 and a 1-year high of $672.19. The stock's 50-day simple moving average is $540.70 and its 200 day simple moving average is $575.44.

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 company 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 13.30% and a net margin of 11.32%. During the same period last year, the business posted $11.58 EPS. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm 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 $3.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a dividend yield of 2.15%. The Goldman Sachs Group's dividend payout ratio is presently 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.