The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Blodgett Wealth Advisors LLC

Blodgett Wealth Advisors LLC trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,000 shares of the investment management company’s stock after selling 250 shares during the quarter. Blodgett Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hennessy Advisors Inc. boosted its holdings in shares of The Goldman Sachs Group by 40.0% in the 3rd quarter. Hennessy Advisors Inc. now owns 3,500 shares of the investment management company’s stock worth $1,132,000 after acquiring an additional 1,000 shares in the last quarter. Secure Asset Management LLC acquired a new position in shares of The Goldman Sachs Group during the third quarter valued at about $219,000. Asset Management One Co. Ltd. boosted its stake in The Goldman Sachs Group by 1.6% in the third quarter. Asset Management One Co. Ltd. now owns 215,432 shares of the investment management company’s stock valued at $69,707,000 after acquiring an additional 3,353 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in The Goldman Sachs Group by 5.0% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 796 shares of the investment management company’s stock worth $258,000 after purchasing an additional 38 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of The Goldman Sachs Group by 8.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 90,602 shares of the investment management company’s stock valued at $29,316,000 after purchasing an additional 7,047 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 12,680 shares of the business’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 completion of the transaction, 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 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 business’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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction 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 transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GS. Bank of America boosted their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $410.00 to $430.00 in a research report on Thursday, March 14th. Evercore ISI lifted 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 research note on Tuesday, April 16th. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a research report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $434.93.

The Goldman Sachs Group Stock Up 1.7 %

NYSE GS traded up $7.32 during trading hours on Friday, hitting $427.37. The company’s stock had a trading volume of 2,322,454 shares, compared to its average volume of 2,385,898. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $138.69 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $428.53. The company’s 50-day simple moving average is $400.27 and its two-hundred day simple moving average is $370.11.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The firm 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 company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $8.79 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a dividend of $2.75 per share. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.57%. The Goldman Sachs Group’s payout ratio is currently 42.95%.

The Goldman Sachs Group 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.