Nwam LLC Sells 92 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Nwam LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,657 shares of the investment management company’s stock after selling 92 shares during the period. Nwam LLC’s holdings in The Goldman Sachs Group were worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in The Goldman Sachs Group during the first quarter valued at about $1,903,374,000. Norges Bank bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at about $1,120,119,000. Wellington Management Group LLP grew its position in shares of The Goldman Sachs Group by 27.0% in the 4th quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock worth $842,597,000 after buying an additional 464,954 shares during the last quarter. Verity & Verity LLC lifted its position in The Goldman Sachs Group by 26,378.2% during the first quarter. Verity & Verity LLC now owns 407,764 shares of the investment management company’s stock valued at $170,000 after acquiring an additional 406,224 shares during the last quarter. Finally, Focused Investors Fund L P acquired a new stake in The Goldman Sachs Group in the first quarter valued at approximately $146,317,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the transaction, the insider now owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the transaction, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the sale, the insider now directly owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,018,500 shares of company stock valued at $34,342,615. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GS shares. Barclays increased their price objective on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. JMP Securities boosted their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Argus raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a research report on Tuesday, April 16th. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $475.00 to $513.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, Citigroup raised their price target on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $484.59.

The Goldman Sachs Group Stock Down 0.3 %

Shares of GS stock opened at $484.93 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $509.48. The stock has a 50 day moving average of $463.11 and a 200 day moving average of $420.97. The stock has a market cap of $156.37 billion, a P/E ratio of 18.94, a P/E/G ratio of 0.98 and a beta of 1.37.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a $3.00 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s payout ratio is currently 42.95%.

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.