Duncker Streett & Co. Inc. Sells 239 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Duncker Streett & Co. Inc. reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,184 shares of the investment management company’s stock after selling 239 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in The Goldman Sachs Group were worth $843,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Trust Co. boosted its holdings in shares of The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after purchasing an additional 41 shares in the last quarter. Truvestments Capital LLC boosted its holdings 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 purchasing an additional 44 shares in the last quarter. BKM Wealth Management LLC purchased a new position in shares of The Goldman Sachs Group in the 4th quarter worth about $32,000. Pacific Center for Financial Services purchased a new stake in The Goldman Sachs Group during the 1st quarter valued at about $33,000. Finally, Worth Asset Management LLC purchased a new stake in The Goldman Sachs Group during the 1st quarter valued at about $33,000. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GS. Royal Bank of Canada increased their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday. Daiwa Capital Markets upgraded The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and increased their target price for the company from $410.00 to $430.00 in a report on Thursday, March 14th. Evercore ISI increased their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday. JMP Securities increased their price objective 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. Finally, Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $333.00 to $449.00 in a report on Tuesday, January 30th. Six investment 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $434.93.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on 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 sale, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction on 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 sale, the treasurer now directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kathryn H. Ruemmler sold 7,277 shares of the stock in a transaction on Tuesday, January 23rd. The shares were 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 in the company, valued at $2,469,144.81. The disclosure for this sale can be found here. Insiders sold a total of 35,907 shares of company stock valued at $13,950,851 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Down 1.0 %

GS stock traded down $4.02 on Wednesday, reaching $396.86. 3,459,728 shares of the company traded hands, compared to its average volume of 2,148,238. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $419.20. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76. The company has a market cap of $128.79 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. The firm has a fifty day simple moving average of $395.32 and a 200-day simple moving average of $365.08.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same quarter last year, the company earned $8.79 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 32.76 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

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.