Opal Wealth Advisors LLC lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 21.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 536 shares of the investment management company’s stock after selling 150 shares during the period. Opal Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $293,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Asset Planning Inc bought a new stake in The Goldman Sachs Group in the fourth quarter worth $29,000. Curio Wealth LLC bought a new stake in The Goldman Sachs Group in the fourth quarter worth $30,000. Godsey & Gibb Inc. increased 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 last quarter. Transce3nd LLC bought a new position in The Goldman Sachs Group during the fourth quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. bought a new position in The Goldman Sachs Group during the fourth quarter valued at $31,000. Institutional investors own 71.21% of the company’s stock.
Insider Buying and Selling
In other The Goldman Sachs Group news, Director John B. Hess purchased 3,904 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now owns 3,904 shares in the company, valued at $1,997,598.72. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.55% of the stock is owned by corporate insiders.
The Goldman Sachs Group Stock Performance
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, beating the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. During the same period last year, the firm posted $11.58 EPS. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.
The Goldman Sachs Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.96%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.85%.
Wall Street Analyst Weigh In
GS has been the topic of a number of analyst reports. Wall Street Zen cut shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Saturday. Royal Bank of Canada cut their price objective on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 15th. Citigroup cut their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Evercore ISI cut their price objective on shares of The Goldman Sachs Group from $660.00 to $594.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Finally, Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the company an “equal weight” rating in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $593.40.
Check Out Our Latest Research Report on GS
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.
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