The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,375 shares of the investment management company’s stock after selling 389 shares during the period. Signet Financial Management LLC’s holdings in The Goldman Sachs Group were worth $1,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cambridge Trust Co. raised its stake in The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 41 shares during the period. Truvestments Capital LLC raised its stake in The Goldman Sachs Group by 88.0% during the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 44 shares during the period. BKM Wealth Management LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter worth $32,000. Pacific Center for Financial Services acquired a new position in shares of The Goldman Sachs Group in the first quarter worth $33,000. Finally, Worth Asset Management LLC acquired a new position in shares of The Goldman Sachs Group in the first quarter worth $33,000. 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, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,907 shares of company stock valued at $13,950,851. 0.57% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Down 1.1 %

NYSE GS opened at $396.51 on Wednesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The firm has a 50-day simple moving average of $395.32 and a 200 day simple moving average of $365.08. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $419.20. The stock has a market cap of $128.68 billion, a PE ratio of 15.48, a PEG ratio of 1.56 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned $8.79 earnings per share. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 32.76 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 42.95%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GS shares. Evercore ISI upped their price target on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday. HSBC upped their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a research note on Tuesday. Oppenheimer increased their target price on shares of The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Barclays increased their target price on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $434.93.

About The Goldman Sachs Group

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.