HHM Wealth Advisors LLC Lowers Position in The Goldman Sachs Group, Inc. (NYSE:GS)

HHM Wealth Advisors LLC decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 21.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 159 shares of the investment management company’s stock after selling 43 shares during the period. HHM Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $72,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Aveo Capital Partners LLC boosted its position in The Goldman Sachs Group by 8.2% during the 4th quarter. Aveo Capital Partners LLC now owns 697 shares of the investment management company’s stock valued at $269,000 after acquiring an additional 53 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in The Goldman Sachs Group by 2.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,936 shares of the investment management company’s stock valued at $3,833,000 after purchasing an additional 245 shares during the last quarter. Advisor OS LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth about $279,000. First United Bank & Trust purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at about $26,000. Finally, Moran Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 32.1% in the 4th quarter. Moran Wealth Management LLC now owns 2,450 shares of the investment management company’s stock valued at $945,000 after buying an additional 595 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $471.17 on Thursday. The firm’s fifty day moving average is $489.92 and its two-hundred day moving average is $450.00. The firm has a market cap of $151.94 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 0.74 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $517.26.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.52 by $0.10. The business had revenue of $12.73 billion during the quarter, compared to analysts’ expectations of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. Research analysts expect that The Goldman Sachs Group, Inc. will post 35.49 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.55%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s payout ratio is 46.86%.

Analysts Set New Price Targets

Several research analysts recently commented on GS shares. Oppenheimer boosted their price objective on shares of The Goldman Sachs Group from $504.00 to $559.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Barclays upped their price target on The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. BMO Capital Markets raised their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Finally, Evercore ISI increased their price target on The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $496.44.

Insider Activity

In related news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the sale, the insider now owns 12,095 shares in the company, valued at $6,119,949.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the completion of the transaction, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian J. Lee sold 3,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were 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 disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

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.