Congress Park Capital LLC Decreases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Congress Park Capital LLC lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 11.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,375 shares of the investment management company’s stock after selling 300 shares during the period. Congress Park Capital LLC’s holdings in The Goldman Sachs Group were worth $992,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First United Bank & Trust acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $26,000. Versant Capital Management Inc increased its stake in shares of The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after acquiring an additional 34 shares during the period. Pineridge Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $29,000. Truvestments Capital LLC increased its stake in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after acquiring an additional 44 shares during the period. Finally, BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a research report on Tuesday, April 16th. Oppenheimer lifted their target price on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley dropped their target price on shares of The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating on the stock in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $443.78.

The Goldman Sachs Group Stock Up 1.5 %

Shares of GS stock traded up $6.69 during trading on Friday, reaching $452.65. The company’s stock had a trading volume of 1,371,250 shares, compared to its average volume of 2,280,358. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $471.48. The company has a market capitalization of $145.96 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 0.92 and a beta of 1.39. The stock’s 50-day moving average price is $448.04 and its 200 day moving average price is $409.43.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same quarter in the previous year, the business posted $8.79 EPS. The firm’s revenue was up 16.1% on a year-over-year basis. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were given a dividend of $2.75 per share. The ex-dividend date was Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.43%. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Insider Transactions at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 completion of the sale, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the insider now owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

About The Goldman Sachs Group

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.