The Goldman Sachs Group, Inc. (NYSE:GS) Stock Position Lessened by Wagner Wealth Management LLC

Wagner Wealth Management LLC reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 27.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 819 shares of the investment management company’s stock after selling 304 shares during the period. Wagner Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Foundation Advisors increased its position in shares of The Goldman Sachs Group by 18.4% during the 2nd quarter. First Foundation Advisors now owns 1,771 shares of the investment management company’s stock valued at $571,000 after purchasing an additional 275 shares during the period. TBH Global Asset Management LLC raised its position in The Goldman Sachs Group by 2.0% in the third quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock worth $1,190,000 after acquiring an additional 72 shares in the last quarter. Trueblood Wealth Management LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at about $989,000. Congress Wealth Management LLC DE boosted its position in shares of The Goldman Sachs Group by 27,076.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after purchasing an additional 650,918 shares in the last quarter. Finally, Syon Capital LLC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $1,395,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.6 %

GS stock opened at $417.69 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.29. The firm has a market cap of $135.55 billion, a PE ratio of 18.30, a PEG ratio of 1.60 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $419.20. The company has a fifty day simple moving average of $390.11 and a 200 day simple moving average of $358.60.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The company had revenue of $11.32 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the company posted $3.32 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 33.13 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 48.20%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 3,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the transaction, the insider now directly owns 10,121 shares in the company, valued at approximately $3,809,443.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the sale, the insider now directly owns 10,121 shares in the company, valued at $3,809,443.19. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,907 shares of company stock worth $15,080,021. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Oppenheimer reduced their target price on shares of The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th. BMO Capital Markets raised their price objective on The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $421.00 to $424.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Finally, Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $333.00 to $449.00 in a research note on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $411.10.

View Our Latest Report on GS

The Goldman Sachs Group Company Profile

(Free Report)

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.

Further Reading

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

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