Capital Asset Advisory Services LLC Sells 509 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Capital Asset Advisory Services LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 6.3% in the 1st quarter, HoldingsChannel reports. The firm owned 7,602 shares of the investment management company’s stock after selling 509 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in The Goldman Sachs Group were worth $4,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GS. Brighton Jones LLC boosted its holdings in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after acquiring an additional 508 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in The Goldman Sachs Group in the fourth quarter worth approximately $32,815,000. Revolve Wealth Partners LLC lifted its position in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in The Goldman Sachs Group by 80.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 2,193 shares of the investment management company’s stock valued at $1,272,000 after purchasing an additional 981 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in The Goldman Sachs Group by 3.6% during the 4th quarter. Spire Wealth Management now owns 5,087 shares of the investment management company’s stock valued at $2,913,000 after purchasing an additional 179 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of The Goldman Sachs Group stock in a transaction on Tuesday, April 15th. The stock was acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director now owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Oppenheimer downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Morgan Stanley set a $558.00 price objective on The Goldman Sachs Group and gave the stock an “equal weight” rating in a research note on Monday, April 7th. Citigroup lowered their price objective on The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Daiwa Capital Markets downgraded The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective for the company. in a research note on Friday, April 4th. Finally, Evercore ISI lowered their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $593.40.

Read Our Latest Report on GS

The Goldman Sachs Group Stock Performance

Shares of GS opened at $598.50 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $183.65 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.89 and a beta of 1.32. The stock has a 50 day moving average of $551.19 and a 200 day moving average of $582.20. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period last year, the business posted $11.58 earnings per share. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

The Goldman Sachs Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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