Main Street Financial Solutions LLC Sells 875 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Main Street Financial Solutions LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 56.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 667 shares of the investment management company’s stock after selling 875 shares during the quarter. Main Street Financial Solutions LLC’s holdings in The Goldman Sachs Group were worth $382,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Stephens Consulting LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth $26,000. Asset Planning Inc acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $29,000. Curio Wealth LLC bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $30,000. Whipplewood Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter valued at about $34,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 2.2 %

Shares of The Goldman Sachs Group stock opened at $509.83 on Friday. The company’s fifty day moving average price is $564.71 and its two-hundred day moving average price is $572.11. The firm has a market capitalization of $159.09 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 52-week low of $402.41 and a 52-week high of $672.19. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

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

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.35%. The Goldman Sachs Group’s payout ratio is presently 29.59%.

Analysts Set New Price Targets

Several equities analysts have commented on GS shares. Evercore ISI lowered their price target on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the stock an “equal weight” rating in a report on Monday, April 7th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company cut their price objective on The Goldman Sachs Group from $680.00 to $650.00 and set an “overweight” rating for the company in a research report on Tuesday. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $593.40.

Insider Activity at The Goldman Sachs Group

In related news, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 28th. The shares were 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 $2,255,506.25. This trade represents a 59.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John B. Hess acquired 3,904 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 in the last 90 days. 0.55% of the stock is owned by corporate insiders.

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.