EdgeRock Capital LLC Sells 46 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

EdgeRock Capital LLC lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,015 shares of the investment management company’s stock after selling 46 shares during the period. The Goldman Sachs Group makes up 0.6% of EdgeRock Capital LLC’s investment portfolio, making the stock its 20th largest position. EdgeRock Capital LLC’s holdings in The Goldman Sachs Group were worth $782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GS. BKM Wealth Management LLC bought a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $32,000. 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 acquiring an additional 41 shares during the last quarter. Truvestments Capital LLC increased its stake in The Goldman Sachs Group by 88.0% in the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after purchasing an additional 44 shares during the period. Signature Resources Capital Management LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $39,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares in the company, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of the firm’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 of the company’s stock, 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, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,330 shares of company stock worth $11,713,578. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $0.07 during midday trading on Tuesday, reaching $443.74. 2,058,149 shares of the company traded hands, compared to its average volume of 2,367,323. 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 Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $447.42. The firm has a market capitalization of $144.01 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The business has a 50 day moving average of $406.72 and a two-hundred day moving average of $377.23.

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, topping 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 quarter last year, the firm posted $8.79 earnings per share. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 36.07 earnings per share 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. Investors of record on Thursday, May 30th will be paid a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.48%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Edward Jones initiated coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating on the stock. Citigroup lifted their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Oppenheimer boosted their price objective on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. JMP Securities lifted 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. Finally, Royal Bank of Canada lifted their price objective on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $440.57.

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.