Greenleaf Trust Sells 969 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Greenleaf Trust trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.8% in the fourth quarter, Holdings Channel reports. The fund owned 10,051 shares of the investment management company’s stock after selling 969 shares during the quarter. Greenleaf Trust’s holdings in The Goldman Sachs Group were worth $3,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GS. Cambridge Trust Co. lifted its stake in shares of The Goldman Sachs Group by 82.0% in the third quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock valued at $29,000 after buying an additional 41 shares during the period. Truvestments Capital LLC lifted its stake in shares of The Goldman Sachs Group by 88.0% in the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after buying an additional 44 shares during the period. BKM Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $32,000. Pacific Center for Financial Services bought a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $33,000. Finally, Worth Asset Management LLC bought a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $33,000. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research note on Tuesday. Evercore ISI increased 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 report on Tuesday. Royal Bank of Canada increased their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Citigroup increased their price target on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Edward Jones initiated coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They issued a “buy” rating for the company. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $434.93.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the transaction, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction on 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 transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 4,300 shares of The Goldman Sachs Group stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total transaction of $1,634,645.00. Following the transaction, the chief accounting officer now directly owns 11,463 shares in the company, valued at $4,357,659.45. 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. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $404.00 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The firm has a market cap of $131.11 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.29 and a beta of 1.43. The firm has a 50 day simple moving average of $396.43 and a 200 day simple moving average of $366.20. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $419.20.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The Goldman Sachs Group’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $8.79 earnings per share. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 35.41 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.72%. The Goldman Sachs Group’s payout ratio is presently 42.95%.

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.