The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 21.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,117 shares of the investment management company’s stock after selling 309 shares during the quarter. NorthRock Partners LLC’s holdings in The Goldman Sachs Group were worth $431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Albert D Mason Inc. grew its stake in shares of The Goldman Sachs Group by 4.3% in the fourth quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock worth $255,000 after purchasing an additional 27 shares during the last quarter. Mayflower Financial Advisors LLC boosted its holdings in The Goldman Sachs Group by 1.4% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,970 shares of the investment management company’s stock valued at $760,000 after acquiring an additional 28 shares during the last quarter. Avitas Wealth Management LLC increased its position in The Goldman Sachs Group by 0.7% during the 4th quarter. Avitas Wealth Management LLC now owns 4,435 shares of the investment management company’s stock valued at $1,711,000 after purchasing an additional 29 shares during the period. Addison Advisors LLC raised its holdings in The Goldman Sachs Group by 7.5% during the 4th quarter. Addison Advisors LLC now owns 414 shares of the investment management company’s stock worth $160,000 after purchasing an additional 29 shares during the last quarter. Finally, Invst LLC lifted its position in shares of The Goldman Sachs Group by 0.7% in the 4th quarter. Invst LLC now owns 4,425 shares of the investment management company’s stock worth $1,703,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.7 %

Shares of GS stock traded up $3.20 during midday trading on Friday, reaching $467.72. 1,656,079 shares of the stock were exchanged, compared to its average volume of 2,269,545. The company’s 50 day moving average is $417.71 and its two-hundred day moving average is $385.07. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The firm has a market cap of $150.82 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.44 and a beta of 1.40. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $468.66.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm posted $8.79 earnings per share. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 36.71 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders 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 2.35%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

Insider Buying and Selling

In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at $7,190,901.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Denis P. Coleman sold 12,680 shares of the 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 sale, the chief financial officer now directly 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 at this link. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares in the company, valued at $7,190,901.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,330 shares of company stock valued at $11,713,578. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

GS has been the topic of several recent analyst reports. Edward Jones began coverage on shares of The Goldman Sachs Group in a report on Tuesday, February 27th. They issued a “buy” rating on the stock. JMP Securities increased 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. Argus upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a research report on Tuesday, April 16th. HSBC raised their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Royal Bank of Canada increased their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $440.57.

Get Our Latest Research Report on GS

About The Goldman Sachs Group

(Free Report)

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.

Further Reading

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

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