The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,620 shares of the investment management company’s stock after selling 314 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in The Goldman Sachs Group were worth $2,554,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth $207,000. Wetzel Investment Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth $42,000. Naples Money Management LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth $155,000. Tanager Wealth Management LLP purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth $212,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth $201,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 7,277 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total value of $2,763,877.37. Following the completion of the transaction, the insider now directly owns 6,501 shares of the company’s stock, valued at $2,469,144.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kathryn H. Ruemmler sold 7,277 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total value of $2,763,877.37. Following the sale, the insider now owns 6,501 shares of the company’s stock, valued at approximately $2,469,144.81. The disclosure for this sale can be found here. Insiders sold 35,907 shares of company stock valued at $13,950,851 over the last three months. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 0.2 %

GS traded up $0.89 on Friday, reaching $404.00. The company’s stock had a trading volume of 2,805,466 shares, compared to its average volume of 2,247,265. The stock has a 50 day moving average of $396.43 and a two-hundred day moving average of $366.20. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $131.11 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 1.29 and a beta of 1.43. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $419.20.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company posted $8.79 earnings per share. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 35.41 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JMP Securities lifted their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. HSBC boosted their price objective on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday. Bank of America boosted their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Morgan Stanley upgraded shares of The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $333.00 to $449.00 in a report on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $434.93.

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.