The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Tranquility Partners LLC

Tranquility Partners LLC lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,613 shares of the investment management company’s stock after selling 359 shares during the quarter. Tranquility Partners LLC’s holdings in The Goldman Sachs Group were worth $1,008,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Albert D Mason Inc. raised its holdings in The Goldman Sachs Group by 4.3% during the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after buying an additional 27 shares during the period. Mayflower Financial Advisors LLC raised its holdings in The Goldman Sachs Group by 1.4% during the 4th quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock worth $760,000 after buying an additional 28 shares during the period. Avitas Wealth Management LLC raised its holdings in The Goldman Sachs Group by 0.7% during the 4th quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock worth $1,711,000 after buying an additional 29 shares during the period. Samalin Investment Counsel LLC raised its holdings in The Goldman Sachs Group by 3.5% during the 3rd quarter. Samalin Investment Counsel LLC now owns 894 shares of the investment management company’s stock worth $289,000 after buying an additional 30 shares during the period. Finally, Hamilton Capital LLC raised its holdings in The Goldman Sachs Group by 4.3% during the 3rd quarter. Hamilton Capital LLC now owns 727 shares of the investment management company’s stock worth $235,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded up $7.05 during mid-day trading on Wednesday, hitting $403.91. 4,363,021 shares of the company were exchanged, compared to its average volume of 2,364,584. 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 business has a fifty day moving average of $395.32 and a 200 day moving average of $365.08. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $419.20. The company has a market capitalization of $131.08 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same period in the prior year, the company posted $8.79 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 32.76 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.72%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insider Activity

In related news, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $380.15, for a total value of $1,634,645.00. Following the transaction, the chief accounting officer now owns 11,463 shares in the company, valued at $4,357,659.45. The transaction was disclosed in a document filed with the SEC, 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 stock was 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 owns 29,417 shares in the company, valued at $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the transaction, the chief accounting officer now owns 11,463 shares in the company, valued at approximately $4,357,659.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,907 shares of company stock worth $13,950,851. 0.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GS. Barclays upped their target price on The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. increased their price objective on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a report on Tuesday. JMP Securities increased their price objective on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective on the stock in a report on Tuesday. Finally, Oppenheimer increased their price objective on The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an “outperform” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus target price of $434.93.

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.