Hennion & Walsh Asset Management Inc. Has $1.79 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Hennion & Walsh Asset Management Inc. decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 18.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,280 shares of the investment management company’s stock after selling 957 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $1,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GS. First United Bank & Trust bought a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $26,000. Versant Capital Management Inc grew its position in The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 34 shares during the last quarter. Pineridge Advisors LLC acquired a new position in The Goldman Sachs Group during the fourth quarter worth about $29,000. BKM Wealth Management LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $39,000. 71.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction 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 completion of the sale, the insider now owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the 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 transaction, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’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 sale, 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. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $452.32 on Friday. The company has a market capitalization of $145.86 billion, a PE ratio of 17.66, a P/E/G ratio of 0.91 and a beta of 1.39. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $471.48. The firm has a fifty day simple moving average of $449.86 and a 200 day simple moving average of $410.79.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share 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 period last year, the company posted $8.79 EPS. The business’s quarterly revenue was up 16.1% on a year-over-year basis. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 36.59 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th were paid a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GS shares. JMP Securities upped their price objective 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. HSBC increased their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a report on Thursday. BMO Capital Markets increased their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their price target on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $443.78.

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.