Bayesian Capital Management LP Has $1.31 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Bayesian Capital Management LP decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 77.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,128 shares of the investment management company’s stock after selling 10,500 shares during the quarter. Bayesian Capital Management LP’s holdings in The Goldman Sachs Group were worth $1,307,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC increased its position in shares of The Goldman Sachs Group by 2.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,462 shares of the investment management company’s stock valued at $564,000 after buying an additional 41 shares in the last quarter. Woodmont Investment Counsel LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $248,000. Realta Investment Advisors increased its position in shares of The Goldman Sachs Group by 15.5% in the 4th quarter. Realta Investment Advisors now owns 730 shares of the investment management company’s stock valued at $282,000 after buying an additional 98 shares in the last quarter. Mayflower Financial Advisors LLC increased its holdings in The Goldman Sachs Group by 1.4% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock worth $760,000 after purchasing an additional 28 shares in the last quarter. Finally, Covenant Asset Management LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth about $207,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the transaction, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group 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 transaction, the insider now owns 12,095 shares in the company, valued at $6,119,949.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction 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 transaction, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The disclosure for this sale can be found here. Insiders have sold a total of 4,013,500 shares of company stock valued at $32,181,365 in the last three months. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Up 0.8 %

The Goldman Sachs Group stock opened at $509.47 on Wednesday. The stock has a market cap of $164.28 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.00 and a beta of 1.37. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.97. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $509.48. The company’s 50-day moving average price is $467.35 and its two-hundred day moving average price is $426.70.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a $3.00 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GS. JMP Securities increased their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $461.00 to $464.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a research note on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $487.41.

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.