Wrapmanager Inc. Has $294,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Wrapmanager Inc. cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 762 shares of the investment management company’s stock after selling 199 shares during the quarter. Wrapmanager Inc.’s holdings in The Goldman Sachs Group were worth $294,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC increased its stake in shares of The Goldman Sachs Group by 88.0% during 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 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. Signature Resources Capital Management LLC acquired a new position in shares of The Goldman Sachs Group in the fourth quarter valued at about $39,000. Wetzel Investment Advisors Inc. bought a new position in The Goldman Sachs Group during the fourth quarter worth about $42,000. Finally, CNB Bank raised its stake in The Goldman Sachs Group by 55.7% in the 3rd quarter. CNB Bank now owns 165 shares of the investment management company’s stock worth $53,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 1.9 %

Shares of GS stock traded up $8.61 during trading hours on Thursday, hitting $455.56. 2,692,118 shares of the company’s stock traded hands, compared to its average volume of 2,367,040. The stock has a market cap of $147.84 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.38 and a beta of 1.40. The stock’s 50 day simple moving average is $407.80 and its 200 day simple moving average is $377.71. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $456.43.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the company earned $8.79 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the company’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 owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, 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. In the last 90 days, insiders sold 29,330 shares of company stock worth $11,713,578. 0.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on GS shares. JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Edward Jones started coverage on The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating for the company. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research report on Tuesday. Citigroup raised their price target 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. Finally, BMO Capital Markets increased their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $440.57.

About The Goldman Sachs Group

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.