apricus wealth LLC Sells 25 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

apricus wealth LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 450 shares of the investment management company’s stock after selling 25 shares during the quarter. apricus wealth LLC’s holdings in The Goldman Sachs Group were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Asset Planning Inc bought a new position in The Goldman Sachs Group in the fourth quarter worth $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth $30,000. Mascagni Wealth Management Inc. bought a new position in The Goldman Sachs Group in the fourth quarter worth $31,000. Transce3nd LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth $31,000. Finally, Godsey & Gibb Inc. lifted its position in The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after purchasing an additional 34 shares during the period. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $624.49 on Thursday. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19. The firm has a market cap of $191.62 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 0.89 and a beta of 1.32. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The business has a fifty day moving average of $561.88 and a 200-day moving average of $583.31.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same period last year, the company earned $11.58 earnings per share. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 dividend on an annualized basis and a yield of 1.92%. The Goldman Sachs Group’s payout ratio is 27.85%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating for the company in a report on Thursday, April 3rd. Daiwa Capital Markets cut The Goldman Sachs Group from an “outperform” rating to a “neutral” rating and set a $560.00 price objective for the company. in a report on Friday, April 4th. Royal Bank of Canada cut their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a report on Tuesday, April 15th. Oppenheimer cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Finally, Barclays cut their price objective on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $593.40.

Insider Buying and Selling

In other news, Director John B. Hess acquired 3,904 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director now directly owns 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Company 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.