Fort Washington Investment Advisors Inc. OH Sells 38,048 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Fort Washington Investment Advisors Inc. OH trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 413,235 shares of the investment management company’s stock after selling 38,048 shares during the period. The Goldman Sachs Group makes up 1.4% of Fort Washington Investment Advisors Inc. OH’s holdings, making the stock its 16th biggest holding. Fort Washington Investment Advisors Inc. OH’s holdings in The Goldman Sachs Group were worth $225,746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GS. Brighton Jones LLC grew its position in shares of The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after buying an additional 508 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $32,815,000. Revolve Wealth Partners LLC lifted its stake in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after acquiring an additional 58 shares during the period. Savant Capital LLC boosted its holdings in The Goldman Sachs Group by 4.1% in the fourth quarter. Savant Capital LLC now owns 7,513 shares of the investment management company’s stock valued at $4,302,000 after acquiring an additional 295 shares in the last quarter. Finally, Focus Financial Network Inc. boosted its holdings in The Goldman Sachs Group by 7.2% in the fourth quarter. Focus Financial Network Inc. now owns 2,203 shares of the investment management company’s stock valued at $1,262,000 after acquiring an additional 148 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Morgan Stanley set a $558.00 price target on shares of The Goldman Sachs Group and gave the company an “equal weight” rating in a research report on Monday, April 7th. Barclays lowered their price objective on shares of 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. JMP Securities cut their price objective on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $593.40.

Insider Buying and Selling

In other news, Director John B. Hess acquired 3,904 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average cost of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $624.49 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market cap of $191.62 billion, a P/E ratio of 15.40, a P/E/G ratio of 0.89 and a beta of 1.32. The business’s 50 day moving average price is $561.88 and its 200-day moving average price is $583.31. The Goldman Sachs Group, Inc. has a 52 week low of $437.37 and a 52 week high of $672.19.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate 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 business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the previous year, the company posted $11.58 earnings per share. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

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.