NBC Securities Inc. Lowers Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

NBC Securities Inc. lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 39.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,628 shares of the investment management company’s stock after selling 1,064 shares during the period. NBC Securities Inc.’s holdings in The Goldman Sachs Group were worth $681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. S. R. Schill & Associates grew its position in shares of The Goldman Sachs Group by 18.8% in the first quarter. S. R. Schill & Associates now owns 633 shares of the investment management company’s stock valued at $264,000 after purchasing an additional 100 shares during the period. Moody National Bank Trust Division lifted its stake in shares of The Goldman Sachs Group by 1.2% during the first quarter. Moody National Bank Trust Division now owns 3,106 shares of the investment management company’s stock worth $1,297,000 after purchasing an additional 36 shares in the last quarter. Campbell Capital Management Inc. acquired a new position in shares of The Goldman Sachs Group during the first quarter worth about $3,814,000. Versant Capital Management Inc lifted its stake in shares of The Goldman Sachs Group by 106.3% during the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after purchasing an additional 34 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter worth about $751,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GS. BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. Citigroup lifted their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Bank of America lifted their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Evercore ISI lifted their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $424.00 to $433.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $440.57.

The Goldman Sachs Group Stock Up 1.6 %

NYSE:GS opened at $457.43 on Thursday. The firm has a market capitalization of $147.50 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39. The stock has a 50 day moving average of $442.12 and a 200-day moving average of $405.55. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $471.48. 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 Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.86% and a net margin of 8.17%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company earned $8.79 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 36.63 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be given a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a dividend yield of 2.40%. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Insider Transactions at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $432.25, for a total value 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 $269,475,456.25. The disclosure for this sale can be found here. Insiders own 0.54% 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.