SOL Capital Management CO Sells 25 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

SOL Capital Management CO reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,500 shares of the investment management company’s stock after selling 25 shares during the quarter. SOL Capital Management CO’s holdings in The Goldman Sachs Group were worth $1,366,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GS. Brighton Jones LLC increased its position in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC boosted its position in The Goldman Sachs Group by 7.0% during 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. Bank Pictet & Cie Europe AG purchased a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $583,000. Highview Capital Management LLC DE grew its holdings in shares of The Goldman Sachs Group by 4.7% during the 4th quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company’s stock worth $2,186,000 after acquiring an additional 171 shares during the period. Finally, Advisor OS LLC bought a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $257,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the acquisition, the director now directly owns 3,904 shares of the company’s stock, valued at approximately $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $688.34 on Friday. The firm has a market cap of $211.21 billion, a P/E ratio of 15.97, a PEG ratio of 0.91 and a beta of 1.32. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $689.33. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The company has a 50 day moving average of $594.71 and a 200 day moving average of $586.40.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results 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 business 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 13.76% and a net margin of 11.86%. During the same quarter last year, the company earned $11.58 EPS. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Daiwa America downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Wall Street Zen downgraded shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $570.00 to $592.00 and gave the company an “equal weight” rating in a research report on Monday. Evercore ISI dropped 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 note on Tuesday, April 1st. Finally, Royal Bank Of Canada decreased their target price on shares of The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $595.67.

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.