Wrapmanager Inc. Sells 199 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Wrapmanager Inc. lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 762 shares of the investment management company’s stock after selling 199 shares during the period. Wrapmanager Inc.’s holdings in The Goldman Sachs Group were worth $294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC grew its stake in shares of The Goldman Sachs Group by 88.0% in the 3rd quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock worth $31,000 after buying an additional 44 shares during the last quarter. BKM Wealth Management LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at $32,000. Signature Resources Capital Management LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $39,000. Wetzel Investment Advisors Inc. bought a new position in The Goldman Sachs Group in the 4th quarter worth about $42,000. Finally, CNB Bank grew its position in The Goldman Sachs Group by 55.7% during the 3rd quarter. CNB Bank now owns 165 shares of the investment management company’s stock valued at $53,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the sale, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Denis P. Coleman sold 12,680 shares of the company’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 transaction of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The disclosure for this sale can be found here. Insiders sold a total of 29,330 shares of company stock valued at $11,713,578 over the last 90 days. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $8.61 during midday trading on Thursday, hitting $455.56. The stock had a trading volume of 2,692,118 shares, compared to its average volume of 2,367,040. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $456.43. The company has a market capitalization of $147.84 billion, a PE ratio of 17.79, a P/E/G ratio of 1.38 and a beta of 1.40. The firm’s fifty day moving average is $407.80 and its two-hundred day moving average is $377.71. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The company’s revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm earned $8.79 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 36.07 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be paid a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GS shares. JMP Securities upped their target price on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Morgan Stanley raised The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 5th. BMO Capital Markets lifted their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Company boosted their price objective on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $440.57.

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.