The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 13.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 529,166 shares of the investment management company’s stock after selling 82,859 shares during the period. Raymond James & Associates’ holdings in The Goldman Sachs Group were worth $221,027,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GS. First United Bank & Trust bought a new stake in The Goldman Sachs Group during the fourth quarter worth approximately $26,000. Versant Capital Management Inc lifted its position in shares of The Goldman Sachs Group by 106.3% during the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 34 shares during the last quarter. Cambridge Trust Co. boosted its stake in shares of The Goldman Sachs Group by 82.0% during the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after acquiring an additional 41 shares in the last quarter. Pineridge Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth $29,000. Finally, Truvestments Capital LLC grew its holdings in shares of 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 acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS traded up $7.52 during trading on Friday, hitting $427.57. The stock had a trading volume of 2,322,674 shares, compared to its average volume of 2,404,007. 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 Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $428.53. The company has a 50 day simple moving average of $400.27 and a 200-day simple moving average of $370.11. The firm has a market cap of $138.76 billion, a PE ratio of 16.70, a P/E/G ratio of 1.35 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion for 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 company’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the firm posted $8.79 EPS. Analysts expect that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Oppenheimer upped their target price on The Goldman Sachs Group from $446.00 to $479.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a report on Tuesday, April 16th. Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $333.00 to $449.00 in a research report on Tuesday, January 30th. Citigroup raised their price objective on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, JMP Securities boosted 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. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $434.93.

Insider Buying and Selling

In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the sale, the treasurer now directly 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 owned by company insiders.

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.