Gradient Investments LLC Has $38.18 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Gradient Investments LLC cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,396 shares of the investment management company's stock after selling 3,678 shares during the quarter. The Goldman Sachs Group accounts for 0.9% of Gradient Investments LLC's portfolio, making the stock its 25th biggest holding. Gradient Investments LLC's holdings in The Goldman Sachs Group were worth $38,175,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Powell Investment Advisors LLC increased its holdings in The Goldman Sachs Group by 0.7% in the 1st quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company's stock valued at $1,603,000 after buying an additional 25 shares during the period. Dumont & Blake Investment Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 1.1% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company's stock worth $944,000 after buying an additional 25 shares in the last quarter. Optas LLC boosted its stake in shares of The Goldman Sachs Group by 2.4% in the 1st quarter. Optas LLC now owns 1,072 shares of the investment management company's stock valued at $448,000 after purchasing an additional 25 shares in the last quarter. Regatta Capital Group LLC lifted its stake in The Goldman Sachs Group by 2.2% in the 1st quarter. Regatta Capital Group LLC now owns 1,166 shares of the investment management company's stock valued at $487,000 after purchasing an additional 25 shares during the last quarter. Finally, WNY Asset Management LLC boosted its position in The Goldman Sachs Group by 1.6% in the fourth quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company's stock valued at $628,000 after buying an additional 26 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director David A. Viniar sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares of the company's stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director David A. Viniar sold 5,000 shares of the company's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now owns 623,425 shares of the company's stock, valued at $269,475,456.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the sale, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,330 shares of company stock valued at $11,713,578. Corporate insiders own 0.54% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock traded up $5.61 during trading hours on Friday, hitting $438.18. 2,406,445 shares of the company were exchanged, compared to its average volume of 2,599,859. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $142.20 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.36 and a beta of 1.40. The firm has a fifty day simple moving average of $404.59 and a 200 day simple moving average of $374.23. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $442.30.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the firm posted $8.79 EPS. Research analysts predict that The Goldman Sachs Group, Inc. will post 36.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.51%. The Goldman Sachs Group's payout ratio is 42.95%.

Wall Street Analyst Weigh In

GS has been the topic of several analyst reports. Bank of America boosted their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Edward Jones assumed coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a "buy" rating for the company. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an "overweight" rating in a report on Tuesday, April 16th. Citigroup boosted their target price on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a "neutral" rating in a report on Tuesday, April 16th. Finally, Daiwa Capital Markets raised The Goldman Sachs Group from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $437.04.

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.

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