The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Waverly Advisors LLC

Waverly Advisors LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 53.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,383 shares of the investment management company’s stock after selling 8,559 shares during the period. Waverly Advisors LLC’s holdings in The Goldman Sachs Group were worth $3,084,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GS. International Assets Investment Management LLC bought a new stake in The Goldman Sachs Group during the first quarter worth approximately $1,903,374,000. Norges Bank bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at $1,120,119,000. Wellington Management Group LLP raised its stake in The Goldman Sachs Group by 27.0% during the 4th quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock valued at $842,597,000 after purchasing an additional 464,954 shares during the period. Verity & Verity LLC raised its stake in The Goldman Sachs Group by 26,378.2% during the 1st quarter. Verity & Verity LLC now owns 407,764 shares of the investment management company’s stock valued at $170,000 after purchasing an additional 406,224 shares during the period. Finally, Focused Investors Fund L P acquired a new stake in The Goldman Sachs Group during the 1st quarter valued at $146,317,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the sale, the director now directly owns 12,450 shares in the company, valued at $6,287,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Thomas K. Montag sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the transaction, the director now directly owns 12,450 shares of the company’s stock, valued at $6,287,748. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’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 transaction, 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 sold a total of 4,013,500 shares of company stock valued at $32,181,365 in the last quarter. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $14.38 during trading on Tuesday, reaching $507.10. The company’s stock had a trading volume of 1,704,262 shares, compared to its average volume of 2,304,564. 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 firm has a market capitalization of $163.52 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.01 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $509.48. The firm has a 50 day moving average price of $466.64 and a 200 day moving average price of $425.80.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, August 30th. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

Analyst Upgrades and Downgrades

GS has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Evercore ISI boosted their price target on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. JMP Securities upped their price objective on shares of The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $461.00 to $464.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $513.00 to $561.00 and gave the company an “overweight” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus price target of $487.41.

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.