Financial Security Advisor Inc. Has $1.25 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Financial Security Advisor Inc. reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,980 shares of the investment management company’s stock after selling 137 shares during the period. Financial Security Advisor Inc.’s holdings in The Goldman Sachs Group were worth $1,245,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC raised its holdings in shares of The Goldman Sachs Group by 34.4% in the third quarter. AQR Capital Management LLC now owns 165,069 shares of the investment management company’s stock valued at $53,411,000 after purchasing an additional 42,205 shares during the last quarter. Glenmede Trust Co. NA grew its stake in The Goldman Sachs Group by 12.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 40,329 shares of the investment management company’s stock valued at $13,049,000 after purchasing an additional 4,481 shares during the period. Shelton Capital Management boosted its holdings in shares of The Goldman Sachs Group by 103.5% in the 3rd quarter. Shelton Capital Management now owns 11,011 shares of the investment management company’s stock worth $3,563,000 after buying an additional 5,600 shares during the last quarter. Advisors Asset Management Inc. grew its position in The Goldman Sachs Group by 37.6% during the third quarter. Advisors Asset Management Inc. now owns 21,207 shares of the investment management company’s stock valued at $6,862,000 after buying an additional 5,796 shares during the period. Finally, Axxcess Wealth Management LLC increased its holdings in The Goldman Sachs Group by 191.4% during the third quarter. Axxcess Wealth Management LLC now owns 8,217 shares of the investment management company’s stock worth $2,659,000 after buying an additional 5,397 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GS shares. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. JMP Securities increased 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 report on Tuesday, April 9th. Morgan Stanley lowered their price target on shares of The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating on the stock in a research report on Thursday, June 27th. Argus upgraded 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. Finally, Keefe, Bruyette & Woods increased their price objective on The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $443.78.

The Goldman Sachs Group Stock Up 0.4 %

GS traded up $2.08 during trading on Tuesday, reaching $465.74. The stock had a trading volume of 1,491,602 shares, compared to its average volume of 2,290,810. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $471.48. The company has a market capitalization of $150.18 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 0.91 and a beta of 1.37. 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 stock’s 50 day moving average is $450.78 and its two-hundred day moving average is $411.69.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same quarter in the previous year, the firm earned $8.79 EPS. The Goldman Sachs Group’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 36.59 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid a $2.75 dividend. The ex-dividend date was Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.36%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Insider Buying and Selling

In other news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the transaction, the insider now owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

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.