The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,059 shares of the investment management company’s stock after selling 140 shares during the period. Summit Investment Advisors Inc.’s holdings in The Goldman Sachs Group were worth $1,752,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GS. Synovus Financial Corp increased its stake in The Goldman Sachs Group by 6.6% during the 4th quarter. Synovus Financial Corp now owns 17,047 shares of the investment management company’s stock worth $9,769,000 after buying an additional 1,049 shares in the last quarter. BTG Pactual Asset Management US LLC increased its position in shares of The Goldman Sachs Group by 9.9% during the fourth quarter. BTG Pactual Asset Management US LLC now owns 2,528 shares of the investment management company’s stock worth $1,448,000 after purchasing an additional 228 shares in the last quarter. Seeds Investor LLC raised its stake in The Goldman Sachs Group by 15.1% in the 4th quarter. Seeds Investor LLC now owns 557 shares of the investment management company’s stock valued at $319,000 after purchasing an additional 73 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new position in The Goldman Sachs Group in the 4th quarter valued at $4,888,000. Finally, Optimize Financial Inc acquired a new stake in The Goldman Sachs Group during the 4th quarter worth $398,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.8 %

GS opened at $507.94 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $158.50 billion, a P/E ratio of 12.53, a P/E/G ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 52 week low of $395.18 and a 52 week high of $672.19. The business has a fifty day simple moving average of $570.64 and a 200-day simple moving average of $572.51.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating the consensus estimate of $12.57 by $1.55. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period in the previous year, the company posted $11.58 EPS. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.36%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JMP Securities decreased their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Evercore ISI dropped their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Royal Bank of Canada reduced their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Finally, Daiwa America cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $585.38.

Insiders Place Their Bets

In other news, insider Alex S. Golten sold 5,208 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares of the company’s stock, valued at approximately $2,255,506.25. The trade was a 59.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin R. Johnson bought 2,400 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the acquisition, the director now owns 2,400 shares of the company’s stock, valued at $1,485,648. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 19,925 shares of company stock worth $12,630,683 over the last 90 days. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group 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.