SeaCrest Wealth Management LLC Lowers Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

SeaCrest Wealth Management LLC lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,785 shares of the investment management company’s stock after selling 467 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $746,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. First United Bank & Trust acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings 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 valued at $28,000 after acquiring an additional 34 shares during the last quarter. Pineridge Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $29,000. BKM Wealth Management LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $32,000. Finally, Tributary Capital Management LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.5 %

The Goldman Sachs Group stock opened at $467.85 on Thursday. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $471.48. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $150.86 billion, a PE ratio of 18.27, a P/E/G ratio of 0.91 and a beta of 1.37. The stock’s fifty day moving average is $451.62 and its two-hundred day moving average is $412.29.

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, topping analysts’ consensus estimates 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 business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same quarter in the previous year, the firm earned $8.79 earnings per share. The business’s revenue was up 16.1% compared to the same quarter last year. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 36.49 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were given a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 42.95%.

Wall Street Analyst Weigh In

GS has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a report on Tuesday, May 7th. Evercore ISI increased their price target on The Goldman Sachs Group from $440.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday. Bank of America increased their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JMP Securities increased their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a report on Tuesday, April 9th. Finally, Citigroup raised their price target 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. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $445.62.

Insider Transactions at The Goldman Sachs Group

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the sale, the insider now 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 can be accessed through the SEC website. In other The Goldman Sachs Group news, 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 transaction of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 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 directly owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

About The Goldman Sachs Group

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.