Denali Advisors LLC Lowers Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Denali Advisors LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,100 shares of the investment management company’s stock after selling 100 shares during the quarter. Denali Advisors LLC’s holdings in The Goldman Sachs Group were worth $877,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in shares of 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 worth $28,000 after acquiring an additional 34 shares during the last quarter. First United Bank & Trust bought a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $26,000. Pineridge Advisors LLC purchased a new position in The Goldman Sachs Group in the 4th quarter worth about $29,000. Tributary Capital Management LLC bought a new stake in The Goldman Sachs Group during the 1st quarter valued at about $33,000. Finally, BKM Wealth Management LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at about $32,000. 71.21% of the stock is currently 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 that occurred 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 directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research reports. Evercore ISI boosted their price target on The Goldman Sachs Group from $440.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank of Canada boosted their target price on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 16th. Citigroup upped their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Oppenheimer raised their price target on shares of The Goldman Sachs Group from $479.00 to $517.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Finally, BMO Capital Markets upped their target price on The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $445.62.

The Goldman Sachs Group Trading Up 0.5 %

The Goldman Sachs Group stock traded up $2.31 during trading on Wednesday, reaching $467.92. 993,785 shares of the company were exchanged, compared to its average volume of 2,280,598. The stock’s 50 day simple moving average is $451.62 and its two-hundred day simple moving average is $412.29. The company has a market capitalization of $150.89 billion, a P/E ratio of 18.25, a PEG ratio of 0.91 and a beta of 1.37. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.74 and a quick ratio of 0.74. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $471.48.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.54 by $3.04. The firm had revenue of $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The Goldman Sachs Group’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.79 earnings per share. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 36.49 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

About The Goldman Sachs Group

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.