USA Financial Formulas Sells 1,543 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

USA Financial Formulas lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 80.2% during the first quarter, HoldingsChannel reports. The firm owned 381 shares of the investment management company’s stock after selling 1,543 shares during the quarter. USA Financial Formulas’ holdings in The Goldman Sachs Group were worth $208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG raised its stake in shares of The Goldman Sachs Group by 15.4% during the 4th quarter. Deutsche Bank AG now owns 1,038,057 shares of the investment management company’s stock worth $594,412,000 after purchasing an additional 138,198 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of The Goldman Sachs Group by 2.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after purchasing an additional 5,541 shares in the last quarter. Baxter Bros Inc. raised its stake in shares of The Goldman Sachs Group by 1.0% during the 4th quarter. Baxter Bros Inc. now owns 15,506 shares of the investment management company’s stock worth $8,879,000 after purchasing an additional 151 shares in the last quarter. Erste Asset Management GmbH raised its stake in shares of The Goldman Sachs Group by 5.9% during the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock worth $3,309,000 after purchasing an additional 320 shares in the last quarter. Finally, Atlas Legacy Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $356,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $624.49 on Thursday. The firm has a market cap of $191.62 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 0.89 and a beta of 1.32. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock’s fifty day moving average price is $561.88 and its two-hundred day moving average price is $583.31.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period in the prior year, the firm posted $11.58 EPS. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.85%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director John B. Hess acquired 3,904 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GS shares. Wells Fargo & Company decreased their target price on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Citigroup decreased their target price on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Finally, Evercore ISI decreased their target price on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Thirteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price of $593.40.

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.