Great Valley Advisor Group Inc. reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE: GS – Get an assessment) by 67.8% in the 1st quarter, according to its last Form 13F filed with the Securities & Exchange Commission. The institutional investor held 802 shares in the capital of the management company after having sold 1,687 shares during the period. Great Valley Advisor Group Inc.’s holdings in The Goldman Sachs Group were worth $273,000 when it last filed with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently changed their positions in the stock. Joseph P. Lucia & Associates LLC bought a new stake in The Goldman Sachs Group in Q1 worth approximately $26,000. Blue Bell Private Wealth Management LLC acquired a new stake in The Goldman Sachs Group in Q4 for a value of approximately $34,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in The Goldman Sachs Group in Q4 for approximately $35,000. Rise Advisors LLC bought a new stake in The Goldman Sachs Group in the 4th quarter for a value of approximately $38,000. Finally, Addison Advisors LLC increased its position in The Goldman Sachs Group by 2,475.0% in the 4th quarter. Addison Advisors LLC now owns 103 shares of the investment management firm worth $39,000 after buying 99 additional shares during the period. 71.42% of the shares are held by institutional investors.
In other news, Goldman Sachs Group Inc director sold 86,068 shares of the company in a deal that took place on Tuesday, June 14. The shares were sold at an average price of $15.30, for a total value of $1,316,840.40. Following the completion of the sale, the director now owns 2,240,454 shares of the company, valued at approximately $34,278,946.20. The sale was disclosed in a filing with the Securities & Exchange Commission, available via the SEC website. Additionally, CEO David M. Solomon sold 9,768 shares of the company in a trade that took place on Tuesday, April 19. The stock was sold at an average price of $334.57, for a total transaction of $3,268,079.76. Following the completion of the sale, the CEO now directly owns 96,467 shares of the company, valued at approximately $32,274,964.19. Disclosure of this sale can be found here. Insiders sold a total of 1,330,390 shares of the company worth $28,952,332 during the last quarter. 0.57% of the shares are currently held by insiders.
A number of equity research analysts commented on the stock. Piper Sandler cut her target price on Goldman Sachs Group shares from $430.00 to $410.00 and set an “overweight” rating for the company in a research report on Friday. Oppenheimer cut his price target on Goldman Sachs Group shares from $546.00 to $519.00 and set an “overweight” rating for the company in a Tuesday, May 3 research report. StockNews.com launched a hedge on Goldman Sachs Group shares in a research report on Thursday, March 31. They set a “holding” rating for the company. Bank of America upgraded Goldman Sachs Group shares from a “neutral” rating to a “buy” rating and raised its target price for the company from $360.00 to $380.00 in a Wednesday research note June 29. Finally, Morgan Stanley lowered its price target on Goldman Sachs Group shares from $445.00 to $418.00 and set an “equal weight” rating on the stock in a Monday, March 28 research note. . Seven investment analysts gave the stock a hold rating and eight gave the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $433.29.
Shares of NYSE GS opened at $299.23 on Monday. The company’s 50-day moving average price is $306.63 and its 200-day moving average price is $336.04. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt ratio of 2.47. The stock has a market capitalization of $102.77 billion, a price/earnings ratio of 5.81, a P/E/G ratio of 0.63 and a beta of 1.38. Goldman Sachs, Inc. group has a 12-month low of $278.15 and a 12-month high of $426.16.
The Goldman Sachs group (NYSE: GS – Get an assessment) last released its quarterly results on Thursday, April 14. The investment management firm reported EPS of $10.76 for the quarter, beating the consensus estimate of $8.61 by $2.15. The company posted revenue of $12.93 billion for the quarter, versus a consensus estimate of $11.76 billion. The Goldman Sachs group achieved a net margin of 31.21% and a return on equity of 19.08%. The company’s revenues were down 26.9% from the same quarter last year. During the same period a year earlier, the company posted EPS of $18.60. On average, stock analysts expect The Goldman Sachs Group, Inc. to post EPS of 36.44 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 29. Investors of record on Wednesday, June 1 received a dividend of $2.00 per share. The ex-dividend date was Tuesday, May 31. This represents an annualized dividend of $8.00 and a yield of 2.67%. The Goldman Sachs group payout ratio is 15.53%.
The profile of the Goldman Sachs group (Get an assessment)
The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services to businesses, financial institutions, governments and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer and Wealth Management.
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