Stock Yards Bank & Trust Co. Sells 573 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Stock Yards Bank & Trust Co. cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 17.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,806 shares of the investment management company’s stock after selling 573 shares during the period. Stock Yards Bank & Trust Co.’s holdings in The Goldman Sachs Group were worth $1,082,000 at the end of the most recent quarter.

A number of other institutional investors have 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 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 increased its holdings in 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 purchasing an additional 44 shares during the last quarter. BKM Wealth Management LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at about $32,000. Wetzel Investment Advisors Inc. bought a new position in The Goldman Sachs Group during the fourth quarter worth about $42,000. Finally, CNB Bank grew its position in shares of The Goldman Sachs Group by 55.7% during the 3rd quarter. CNB Bank now owns 165 shares of the investment management company’s stock worth $53,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 12,680 shares of the 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 completion of 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 Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the company’s 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 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 legal 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 dated 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 directly 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. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. JMP Securities upped their target price on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Evercore ISI increased their target price on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Morgan Stanley raised shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $333.00 to $449.00 in a report on Tuesday, January 30th. Finally, BMO Capital Markets raised their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $434.93.

The Goldman Sachs Group Stock Up 1.5 %

Shares of The Goldman Sachs Group stock opened at $423.72 on Wednesday. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $425.35. 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 business’s 50 day simple moving average is $397.82 and its 200 day simple moving average is $368.58. The firm has a market cap of $137.51 billion, a PE ratio of 16.55, a P/E/G ratio of 1.34 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The company had revenue of $14.21 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $8.79 earnings per share. On average, analysts predict that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s payout ratio is 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.