Ancora Advisors LLC Sells 28 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Ancora Advisors LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,414 shares of the investment management company’s stock after selling 28 shares during the period. Ancora Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,008,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its position in The Goldman Sachs Group by 13.7% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock worth $64,291,000 after purchasing an additional 20,018 shares during the last quarter. HTLF Bank acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $850,000. Apexium Financial LP grew its holdings in The Goldman Sachs Group by 7.1% during the 4th quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock worth $2,188,000 after acquiring an additional 378 shares during the period. Empowered Funds LLC grew its holdings in The Goldman Sachs Group by 62.7% during the 1st quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock worth $2,632,000 after acquiring an additional 2,428 shares during the period. Finally, Duality Advisers LP acquired a new stake in The Goldman Sachs Group during the 1st quarter worth about $1,388,000. 71.21% of the stock is currently owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the transaction, the director now directly owns 12,450 shares of the company’s stock, valued at $6,287,748. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,013,500 shares of company stock valued at $32,181,365. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $3.36 on Wednesday, hitting $509.03. 2,475,489 shares of the stock traded hands, compared to its average volume of 2,312,161. The firm has a market cap of $164.14 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.00 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $517.26. The firm has a 50 day simple moving average of $467.35 and a two-hundred day simple moving average of $426.70. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.12 and a quick ratio of 0.74.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.36%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Analyst Ratings Changes

Several analysts have recently commented on GS shares. Citigroup raised their target price on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. UBS Group lifted their target price on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. 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. Seaport Res Ptn cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, Barclays lifted their price target on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $487.41.

The Goldman Sachs Group Company Profile

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.