Pathway Financial Advisers LLC Sells 201 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Pathway Financial Advisers LLC lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,036 shares of the investment management company’s stock after selling 201 shares during the quarter. Pathway Financial Advisers LLC’s holdings in The Goldman Sachs Group were worth $2,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Capital Advisory LLC purchased a new stake in The Goldman Sachs Group during the first quarter worth about $29,000. Godsey & Gibb Inc. grew its position in shares of The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after acquiring an additional 34 shares during the period. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Mascagni Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $31,000. Finally, Lowe Wealth Advisors LLC lifted its stake in The Goldman Sachs Group by 326.7% in the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $709.40 on Friday. The company has a 50 day moving average of $669.82 and a 200 day moving average of $610.85. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26. The stock has a market cap of $217.67 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.54 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $737.88.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating analysts’ consensus estimates of $9.82 by $1.09. The firm had revenue of $14.58 billion during the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $8.62 EPS. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.3%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s dividend payout ratio is currently 26.44%.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent research reports. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Hsbc Global Res cut The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Finally, Citigroup boosted their price target on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $660.00.

Insiders Place Their Bets

In other news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the sale, the chief executive officer owned 126,176 shares in the company, valued at approximately $89,876,426.56. This trade represents a 4.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the transaction, the executive vice president directly owned 65,761 shares of the company’s stock, valued at $47,176,283.79. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,079 shares of company stock worth $14,423,221 in the last ninety days. 0.55% of the stock is currently owned by insiders.

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.