The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,991 shares of the investment management company’s stock after selling 350 shares during the period. State of Alaska Department of Revenue’s holdings in The Goldman Sachs Group were worth $15,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Powell Investment Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 0.7% in the 1st quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after purchasing an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its position in The Goldman Sachs Group by 1.1% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock valued at $944,000 after acquiring an additional 25 shares during the period. Optas LLC increased its position in The Goldman Sachs Group by 2.4% in the 1st quarter. Optas LLC now owns 1,072 shares of the investment management company’s stock valued at $448,000 after acquiring an additional 25 shares during the period. WNY Asset Management LLC increased its position in The Goldman Sachs Group by 1.6% in the 4th quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock valued at $628,000 after acquiring an additional 26 shares during the period. Finally, Albert D Mason Inc. increased its position in The Goldman Sachs Group by 4.3% in the 4th quarter. Albert D Mason Inc. now owns 662 shares of the investment management company’s stock valued at $255,000 after acquiring an additional 27 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

GS stock opened at $467.85 on Thursday. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $471.48. The stock’s fifty day simple moving average is $451.62 and its 200-day simple moving average is $412.29. 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 stock has a market capitalization of $150.86 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 0.94 and a beta of 1.37.

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 (EPS) 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 business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same quarter last year, the firm earned $8.79 earnings per share. The business’s revenue was up 16.1% on a year-over-year basis. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 36.52 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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

Insider Activity at The Goldman Sachs Group

In related 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 stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GS shares. Citigroup boosted their price target on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a research report on Tuesday, April 16th. Evercore ISI boosted their target price on The Goldman Sachs Group from $440.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $445.62.

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.