First Hawaiian Bank Decreases Stake in The Goldman Sachs Group, Inc. $GS

First Hawaiian Bank lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,628 shares of the investment management company’s stock after selling 225 shares during the quarter. First Hawaiian Bank’s holdings in The Goldman Sachs Group were worth $8,537,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Harold Davidson & Associates Inc. grew its holdings in shares of The Goldman Sachs Group by 50.1% during the 1st quarter. Harold Davidson & Associates Inc. now owns 3,081 shares of the investment management company’s stock worth $1,683,000 after purchasing an additional 1,028 shares during the period. Invst LLC grew its holdings in shares of The Goldman Sachs Group by 503.5% during the 1st quarter. Invst LLC now owns 2,559 shares of the investment management company’s stock worth $1,398,000 after purchasing an additional 2,135 shares during the period. Modern Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group by 5.5% during the 1st quarter. Modern Wealth Management LLC now owns 946 shares of the investment management company’s stock worth $517,000 after purchasing an additional 49 shares during the period. Anson Funds Management LP purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth about $1,093,000. Finally, Strs Ohio purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth about $106,371,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer directly owned 106,268 shares in the company, valued at $79,755,196.68. The trade was a 7.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the sale, the chief financial officer owned 18,594 shares in the company, valued at $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock valued at $28,111,828 over the last 90 days. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

GS stock opened at $785.23 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $793.17. The stock’s 50 day moving average is $727.73 and its two-hundred day moving average is $630.35. The company has a market capitalization of $237.70 billion, a PE ratio of 17.30, a P/E/G ratio of 1.61 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The company had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same period in the previous year, the business earned $8.62 EPS. The Goldman Sachs Group’s revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a dividend of $4.00 per share. The ex-dividend date is Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.0%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.26%.

Analyst Ratings Changes

Several research firms recently commented on GS. Zacks Research raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Citigroup boosted their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Hsbc Global Res lowered The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $660.00.

The Goldman Sachs Group Company 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.