First County Bank CT Has $331,000 Stock Holdings in The Goldman Sachs Group, Inc. $GS

First County Bank CT trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 468 shares of the investment management company’s stock after selling 51 shares during the quarter. First County Bank CT’s holdings in The Goldman Sachs Group were worth $331,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Global Trust Asset Management LLC increased its position in The Goldman Sachs Group by 27.6% in the 2nd quarter. Global Trust Asset Management LLC now owns 2,595 shares of the investment management company’s stock valued at $1,837,000 after acquiring an additional 562 shares during the period. Independence Bank of Kentucky grew its stake in shares of The Goldman Sachs Group by 2.0% in the second quarter. Independence Bank of Kentucky now owns 2,307 shares of the investment management company’s stock worth $1,633,000 after purchasing an additional 45 shares during the last quarter. Moody Lynn & Lieberson LLC grew its stake in shares of The Goldman Sachs Group by 7.5% in the second quarter. Moody Lynn & Lieberson LLC now owns 8,047 shares of the investment management company’s stock worth $5,695,000 after purchasing an additional 561 shares during the last quarter. City Holding Co. lifted its holdings in The Goldman Sachs Group by 40.7% during the 2nd quarter. City Holding Co. now owns 615 shares of the investment management company’s stock worth $435,000 after buying an additional 178 shares during the period. Finally, Tritonpoint Wealth LLC raised its position in shares of The Goldman Sachs Group by 6.5% during the second quarter. Tritonpoint Wealth LLC now owns 2,533 shares of the investment management company’s stock worth $1,793,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the sale, the chief financial officer owned 18,594 shares in the company, valued at approximately $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John E. Waldron sold 9,000 shares of the firm’s stock in a transaction dated 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 owned 106,268 shares of the company’s stock, valued at $79,755,196.68. This trade represents a 7.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

GS opened at $802.91 on Monday. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67. The firm’s fifty day moving average price is $747.32 and its two-hundred day moving average price is $648.04. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. The company has a market capitalization of $243.06 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 1.67 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating analysts’ consensus estimates of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $8.62 earnings per share. As a group, analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 29th. This is a positive change 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%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. JMP Securities reissued a “market perform” rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Hsbc Global Res downgraded The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the company an “outperform” rating in a research note on Thursday, July 10th. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $665.00.

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.