Fidelity D & D Bancorp Inc. Reduces Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Fidelity D & D Bancorp Inc. reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 7.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 549 shares of the investment management company’s stock after selling 47 shares during the quarter. Fidelity D & D Bancorp Inc.’s holdings in The Goldman Sachs Group were worth $229,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its stake in The Goldman Sachs Group by 106.3% during the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 34 shares in the last quarter. First United Bank & Trust acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $26,000. Pineridge Advisors LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $29,000. BKM Wealth Management LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $32,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $39,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

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

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $6.36 during mid-day trading on Friday, hitting $452.32. 3,839,657 shares of the company’s stock traded hands, compared to its average volume of 1,900,364. The firm has a 50 day moving average price of $449.86 and a 200 day moving average price of $410.39. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.18. The company has a market cap 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 Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $471.48.

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

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th were paid 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%.

Analyst Upgrades and Downgrades

GS has been the subject of several research reports. Evercore ISI lifted their target price on The Goldman Sachs Group from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. BMO Capital Markets lifted their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. HSBC lifted their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price for the company in a research report on Tuesday, April 16th. Finally, Citigroup lifted their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $443.78.

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.