Bowling Portfolio Management LLC Reduces Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Bowling Portfolio Management LLC lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 65.5% during the 1st quarter, HoldingsChannel reports. The fund owned 2,280 shares of the investment management company’s stock after selling 4,336 shares during the quarter. Bowling Portfolio Management LLC’s holdings in The Goldman Sachs Group were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Freedom Day Solutions LLC lifted its position in shares of The Goldman Sachs Group by 0.9% in the 4th quarter. Freedom Day Solutions LLC now owns 3,205 shares of the investment management company’s stock worth $1,226,000 after purchasing an additional 29 shares during the period. Main Street Financial Solutions LLC lifted its position in shares of The Goldman Sachs Group by 3.0% in the 4th quarter. Main Street Financial Solutions LLC now owns 1,037 shares of the investment management company’s stock worth $397,000 after purchasing an additional 30 shares during the period. Forte Capital LLC ADV lifted its position in shares of The Goldman Sachs Group by 2.6% in the 4th quarter. Forte Capital LLC ADV now owns 1,256 shares of the investment management company’s stock worth $480,000 after purchasing an additional 32 shares during the period. Focused Wealth Management Inc lifted its position in shares of The Goldman Sachs Group by 0.8% in the 4th quarter. Focused Wealth Management Inc now owns 3,841 shares of the investment management company’s stock worth $1,469,000 after purchasing an additional 32 shares during the period. Finally, Golden State Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 3.6% in the 4th quarter. Golden State Wealth Management LLC now owns 929 shares of the investment management company’s stock worth $355,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 71.42% of the company’s stock.

In related news, CEO David M. Solomon sold 9,768 shares of the stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $334.57, for a total transaction of $3,268,079.76. Following the sale, the chief executive officer now directly owns 96,467 shares of the company’s stock, valued at $32,274,964.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Goldman Sachs Group Inc sold 451,401 shares of the stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $20.48, for a total transaction of $9,244,692.48. Following the sale, the director now directly owns 1,996,137 shares in the company, valued at $40,880,885.76. The disclosure for this sale can be found here. Insiders sold a total of 1,330,390 shares of company stock worth $28,952,332 over the last ninety days. Insiders own 0.57% of the company’s stock.

Several equities research analysts have recently weighed in on GS shares. Morgan Stanley lowered their price target on shares of The Goldman Sachs Group from $445.00 to $418.00 and set an “equal weight” rating for the company in a research report on Monday, March 28th. BMO Capital Markets reduced their price objective on shares of The Goldman Sachs Group from $488.00 to $486.00 and set an “outperform” rating for the company in a research note on Monday, April 18th. Piper Sandler reduced their price objective on shares of The Goldman Sachs Group from $465.00 to $430.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. Oppenheimer reduced their price objective on shares of The Goldman Sachs Group from $546.00 to $519.00 and set an “overweight” rating for the company in a research note on Tuesday, May 3rd. Finally, Wells Fargo & Company lowered shares of The Goldman Sachs Group from an “overweight” rating to an “equal weight” rating in a research note on Monday, February 28th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $440.73.

Shares of The Goldman Sachs Group stock opened at $284.54 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 2.47. The Goldman Sachs Group, Inc. has a 12-month low of $278.15 and a 12-month high of $426.16. The firm has a market capitalization of $97.73 billion, a price-to-earnings ratio of 5.52, a PEG ratio of 0.59 and a beta of 1.40. The firm’s 50 day simple moving average is $310.94 and its two-hundred day simple moving average is $341.42.

The Goldman Sachs Group (NYSE:GSGet Rating) last released its quarterly earnings data on Thursday, April 14th. The investment management company reported $10.76 EPS for the quarter, beating the consensus estimate of $8.61 by $2.15. The business had revenue of $12.93 billion for the quarter, compared to the consensus estimate of $11.76 billion. The Goldman Sachs Group had a net margin of 31.21% and a return on equity of 19.08%. The business’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same period in the prior year, the firm earned $18.60 EPS. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 37.7 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 1st will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, May 31st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.53%.

The Goldman Sachs Group Company Profile (Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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