Wealth Advisors of Tampa Bay LLC Sells 12,250 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Wealth Advisors of Tampa Bay LLC reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 50.9% during the 4th quarter, HoldingsChannel reports. The fund owned 11,800 shares of the investment management company’s stock after selling 12,250 shares during the period. The Goldman Sachs Group accounts for about 2.3% of Wealth Advisors of Tampa Bay LLC’s holdings, making the stock its 14th largest position. Wealth Advisors of Tampa Bay LLC’s holdings in The Goldman Sachs Group were worth $4,552,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GS. Cambridge Trust Co. grew its stake in shares of The Goldman Sachs Group by 82.0% during 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 last quarter. Truvestments Capital LLC grew its stake 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 worth $31,000 after purchasing an additional 44 shares in the last quarter. BKM Wealth Management LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth approximately $32,000. Pacific Center for Financial Services bought a new position in The Goldman Sachs Group in the first quarter worth approximately $33,000. Finally, Worth Asset Management LLC bought a new position in The Goldman Sachs Group in the first quarter worth approximately $33,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

GS stock traded up $1.82 during midday trading on Friday, reaching $408.07. The stock had a trading volume of 1,688,416 shares, compared to its average volume of 2,100,849. The firm has a fifty day simple moving average of $393.01 and a two-hundred day simple moving average of $361.07. The stock has a market cap of $132.43 billion, a PE ratio of 17.88, a P/E/G ratio of 1.56 and a beta of 1.43. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $419.20.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share for the quarter, topping the consensus estimate of $3.62 by $1.86. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $3.32 EPS. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 33.14 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Wednesday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 48.20%.

Insider Activity

In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s 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 in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders have sold 38,907 shares of company stock worth $15,080,021 in the last ninety days. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GS. JMP Securities reissued a “market outperform” rating and issued a $440.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, January 17th. Evercore ISI upped their target price on The Goldman Sachs Group from $418.00 to $435.00 and gave the stock an “outperform” rating in a report on Thursday. Edward Jones initiated coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They set a “buy” rating for the company. Barclays upped their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $421.00 to $424.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average price target of $421.80.

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.