apricus wealth LLC Sells 25 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

apricus wealth LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 450 shares of the investment management company’s stock after selling 25 shares during the quarter. apricus wealth LLC’s holdings in The Goldman Sachs Group were worth $246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. Brighton Jones LLC boosted its holdings in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after buying an additional 508 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in The Goldman Sachs Group during the fourth quarter worth about $32,815,000. Revolve Wealth Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 4.1% during the 4th quarter. Savant Capital LLC now owns 7,513 shares of the investment management company’s stock valued at $4,302,000 after purchasing an additional 295 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in shares of The Goldman Sachs Group by 7.2% during the 4th quarter. Focus Financial Network Inc. now owns 2,203 shares of the investment management company’s stock valued at $1,262,000 after purchasing an additional 148 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GS shares. Royal Bank of Canada cut their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 15th. Oppenheimer cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the company an “equal weight” rating in a report on Monday, April 7th. JMP Securities cut their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Finally, Daiwa Capital Markets cut The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective on the stock. in a report on Friday, April 4th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $593.40.

Insiders Place Their Bets

In related news, Director John B. Hess purchased 3,904 shares of the stock in a transaction on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares of the company’s stock, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 1.6%

NYSE GS opened at $624.49 on Thursday. The stock has a market capitalization of $191.62 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 0.89 and a beta of 1.32. The stock’s 50 day moving average price is $561.88 and its two-hundred day moving average price is $583.31. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the previous year, the business posted $11.58 EPS. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

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.