Financial Management Professionals Inc. Sells 59 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Financial Management Professionals Inc. reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 33.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118 shares of the investment management company’s stock after selling 59 shares during the period. Financial Management Professionals Inc.’s holdings in The Goldman Sachs Group were worth $49,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in The Goldman Sachs Group by 13.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock worth $64,291,000 after acquiring an additional 20,018 shares during the period. HTLF Bank bought a new stake in The Goldman Sachs Group in the fourth quarter worth about $850,000. Apexium Financial LP raised its position in The Goldman Sachs Group by 7.1% in the fourth quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock worth $2,188,000 after acquiring an additional 378 shares during the period. Wealth Alliance raised its position in The Goldman Sachs Group by 17.3% in the fourth quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock worth $399,000 after acquiring an additional 153 shares during the period. Finally, Trueblood Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $989,000. 71.21% of the stock is owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the insider now directly owns 12,981,022 shares of the company’s stock, valued at approximately $82,299,679.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director David A. Viniar sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the sale, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on GS shares. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $450.00 to $504.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. JMP Securities boosted their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their price objective on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $443.78.

The Goldman Sachs Group Stock Up 1.4 %

Shares of NYSE GS opened at $452.32 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $471.48. The firm has a market capitalization of $145.86 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 0.90 and a beta of 1.39. The firm has a fifty day simple moving average of $449.86 and a two-hundred day simple moving average of $410.39.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. During the same period in the prior year, the business earned $8.79 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. Equities analysts expect that The Goldman Sachs Group, Inc. will post 36.59 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

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.