Stonebridge Capital Advisors LLC Lowers Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Stonebridge Capital Advisors LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,109 shares of the investment management company's stock after selling 797 shares during the period. Stonebridge Capital Advisors LLC's holdings in The Goldman Sachs Group were worth $8,652,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GS. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $29,000. Curio Wealth LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $30,000. Transce3nd LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $31,000. Finally, Whipplewood Advisors LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $34,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the purchase, the director now directly owns 3,904 shares of the company's stock, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alex S. Golten sold 5,208 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now directly owns 3,545 shares of the company's stock, valued at approximately $2,255,506.25. This represents a 59.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Stock Down 0.1 %

Shares of NYSE:GS traded down $0.50 during midday trading on Monday, reaching $544.37. The company's stock had a trading volume of 721,458 shares, compared to its average volume of 2,366,695. The Goldman Sachs Group, Inc. has a 12-month low of $425.19 and a 12-month high of $672.19. The firm has a market capitalization of $169.86 billion, a P/E ratio of 13.41, a PEG ratio of 0.89 and a beta of 1.33. The firm has a 50 day moving average of $548.95 and a 200-day moving average of $574.43. 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 posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same quarter last year, the company earned $11.58 EPS. On average, 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 will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GS shares. Evercore ISI cut their price target on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Royal Bank of Canada reduced 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 note on Tuesday, April 15th. JMP Securities dropped their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Finally, Daiwa Capital Markets cut The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a report on Friday, April 4th. 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 price target of $593.40.

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.