The Goldman Sachs Group, Inc. (NYSE:GS) Stake Lessened by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 18.8% during the first quarter, Holdings Channel reports. The firm owned 1,729 shares of the investment management company’s stock after selling 399 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in The Goldman Sachs Group were worth $722,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Powell Investment Advisors LLC increased its holdings in The Goldman Sachs Group by 0.7% in the first quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock worth $1,603,000 after purchasing an additional 25 shares in the last quarter. Dumont & Blake Investment Advisors LLC grew its position in The Goldman Sachs Group by 1.1% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock valued at $944,000 after purchasing an additional 25 shares during the period. Optas LLC raised its holdings 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 worth $448,000 after acquiring an additional 25 shares during the last quarter. Regatta Capital Group LLC increased its holdings in The Goldman Sachs Group by 2.2% during the 1st quarter. Regatta Capital Group LLC now owns 1,166 shares of the investment management company’s stock worth $487,000 after purchasing an additional 25 shares in the last quarter. Finally, WNY Asset Management LLC raised its stake in shares of 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 worth $628,000 after purchasing an additional 26 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the transaction, the insider now owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Brian J. Lee sold 3,500 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value of $1,770,965.00. Following the transaction, the insider now owns 12,095 shares in the company, valued at approximately $6,119,949.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,018,500 shares of company stock worth $34,342,615. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Down 0.3 %

GS stock traded down $1.44 during midday trading on Friday, hitting $484.77. 2,029,649 shares of the company’s stock were exchanged, compared to its average volume of 2,331,187. The business has a 50-day simple moving average of $463.11 and a two-hundred day simple moving average of $420.75. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $509.48. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $156.32 billion, a PE ratio of 18.93, a P/E/G ratio of 1.01 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.26%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm earned $8.79 EPS. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 36.62 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $3.00 dividend. The ex-dividend date is Friday, August 30th. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.48%. The Goldman Sachs Group’s payout ratio is presently 42.95%.

Analysts Set New Price Targets

A number of brokerages have issued reports on GS. Citigroup upped their price objective on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research report on Tuesday. BMO Capital Markets increased their target price on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research report on Wednesday. Barclays raised their target price on The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a research note on Tuesday. Argus raised 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 report on Tuesday, April 16th. Finally, Royal Bank of Canada lifted their price target on The Goldman Sachs Group from $435.00 to $500.00 and gave the company a “sector perform” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $480.44.

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.