DCM Advisors LLC Decreases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

DCM Advisors LLC reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,280 shares of the investment management company’s stock after selling 1,031 shares during the period. The Goldman Sachs Group makes up approximately 3.1% of DCM Advisors LLC’s holdings, making the stock its 13th largest holding. DCM Advisors LLC’s holdings in The Goldman Sachs Group were worth $7,635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors increased its position in shares of The Goldman Sachs Group by 6.0% during the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock valued at $2,319,470,000 after acquiring an additional 338,181 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of The Goldman Sachs Group by 2.8% during the fourth quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock valued at $2,128,693,000 after acquiring an additional 152,474 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of The Goldman Sachs Group by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock valued at $2,004,153,000 after acquiring an additional 27,524 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of The Goldman Sachs Group by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock valued at $1,910,897,000 after purchasing an additional 274,989 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of The Goldman Sachs Group by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 4,895,928 shares of the investment management company’s stock valued at $2,044,980,000 after purchasing an additional 141,538 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s 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 completion of the transaction, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Brian J. Lee sold 3,500 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The disclosure for this sale can be found here. Insiders sold 4,013,500 shares of company stock worth $32,181,365 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $3.55 during trading hours on Wednesday, hitting $509.22. The company had a trading volume of 2,658,387 shares, compared to its average volume of 2,313,413. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.12. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $517.26. The company has a market cap of $164.20 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.37. The business has a 50 day moving average of $468.28 and a 200-day moving average of $427.28.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend 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 currently 42.95%.

Analysts Set New Price Targets

GS has been the subject of several recent research reports. UBS Group raised their price objective on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Seaport Res Ptn lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. 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 note on Tuesday, April 16th. Finally, Evercore ISI raised their price objective on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $487.41.

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.