The Goldman Sachs Group, Inc. $GS Shares Bought by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 46.6% during the first quarter, HoldingsChannel.com reports. The firm owned 6,488 shares of the investment management company’s stock after buying an additional 2,062 shares during the quarter. The Goldman Sachs Group makes up approximately 0.4% of Uhlmann Price Securities LLC’s holdings, making the stock its 6th largest holding. Uhlmann Price Securities LLC’s holdings in The Goldman Sachs Group were worth $5,468,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GS. Brighton Jones LLC raised its position in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after acquiring an additional 508 shares in the last quarter. Revolve Wealth Partners LLC grew its position in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after acquiring an additional 58 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of The Goldman Sachs Group by 90.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after purchasing an additional 735 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of The Goldman Sachs Group by 9.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after purchasing an additional 70 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its holdings in shares of The Goldman Sachs Group by 22.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock valued at $1,522,000 after purchasing an additional 391 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total value of $13,421,188.44. Following the completion of the transaction, the insider owned 15,657 shares in the company, valued at approximately $14,703,018.99. The trade was a 47.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the transaction, the chief financial officer owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 33,681 shares of company stock valued at $31,737,875. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of analyst reports. CICC Research boosted their price target on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Citigroup boosted their target price on The Goldman Sachs Group from $765.00 to $930.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, BNP Paribas Exane decreased their target price on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $941.82.

Get Our Latest Analysis on GS

The Goldman Sachs Group Stock Up 0.3%

Shares of GS opened at $1,099.46 on Friday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50-day simple moving average of $979.32 and a 200-day simple moving average of $919.74. The Goldman Sachs Group, Inc. has a 52 week low of $630.01 and a 52 week high of $1,125.00. The firm has a market capitalization of $324.35 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.43 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, topping the consensus estimate of $15.92 by $1.63. The company had revenue of $17.23 billion for the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The Goldman Sachs Group’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm earned $14.12 EPS. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 59.6 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be given a dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.6%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.89%.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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