Larson Financial Group LLC Reduces Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Larson Financial Group LLC lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 501 shares of the investment management company’s stock after selling 28 shares during the quarter. Larson Financial Group LLC’s holdings in The Goldman Sachs Group were worth $193,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GS. Impact Partnership Wealth LLC lifted its position in shares of The Goldman Sachs Group by 65.4% in the 3rd quarter. Impact Partnership Wealth LLC now owns 316 shares of the investment management company’s stock worth $102,000 after purchasing an additional 125 shares during the period. Capital Asset Advisory Services LLC increased its stake in shares of The Goldman Sachs Group by 27.2% in the 3rd quarter. Capital Asset Advisory Services LLC now owns 4,030 shares of the investment management company’s stock worth $1,261,000 after acquiring an additional 861 shares in the last quarter. Culbertson A N & Co. Inc. increased its stake in shares of The Goldman Sachs Group by 0.9% in the 3rd quarter. Culbertson A N & Co. Inc. now owns 28,955 shares of the investment management company’s stock worth $9,369,000 after acquiring an additional 248 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of The Goldman Sachs Group by 40.0% in the 3rd quarter. Hennessy Advisors Inc. now owns 3,500 shares of the investment management company’s stock worth $1,132,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Secure Asset Management LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter valued at about $219,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were 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 owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were 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 owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the company’s stock in a transaction 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 directly owns 18,408 shares in the company, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a report on Tuesday, April 16th. JMP Securities raised their price target on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Royal Bank of Canada raised their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a report on Tuesday, April 16th. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price target on the stock in a report on Tuesday, April 16th. Finally, Bank of America raised their price objective on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $434.93.

The Goldman Sachs Group Price Performance

GS stock opened at $423.04 on Thursday. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $425.35. The company’s fifty day moving average price is $398.72 and its 200-day moving average price is $368.96. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12. The company has a market capitalization of $137.29 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the previous year, the firm earned $8.79 earnings per share. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a $2.75 dividend. This represents a $11.00 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend 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.