The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Lbp Am Sa

Lbp Am Sa cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 76.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,673 shares of the investment management company’s stock after selling 15,559 shares during the quarter. Lbp Am Sa’s holdings in The Goldman Sachs Group were worth $1,952,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $1,903,374,000. Norges Bank purchased a new position in The Goldman Sachs Group in the fourth quarter valued at about $1,120,119,000. Wellington Management Group LLP boosted its stake in shares of 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 worth $842,597,000 after acquiring an additional 464,954 shares in the last quarter. Verity & Verity LLC grew its holdings in shares of The Goldman Sachs Group by 26,378.2% in the 1st quarter. Verity & Verity LLC now owns 407,764 shares of the investment management company’s stock worth $170,000 after acquiring an additional 406,224 shares during the period. Finally, Focused Investors Fund L P purchased a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $146,317,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Citigroup upped their target price on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. BMO Capital Markets lifted their target price on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. UBS Group increased their price target on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Argus raised The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 target price on the stock in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $487.41.

The Goldman Sachs Group Trading Down 1.8 %

The Goldman Sachs Group stock traded down $8.91 during trading on Thursday, reaching $500.12. The company had a trading volume of 4,003,335 shares, compared to its average volume of 2,324,913. 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 firm has a market capitalization of $161.27 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 1.02 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 $517.26. The stock’s 50 day moving average price is $468.28 and its two-hundred day moving average price is $427.28.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed 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 2.40%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Insider Buying and Selling

In other news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction dated 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 of the company’s stock, valued at approximately $82,299,679.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Brian J. Lee sold 3,500 shares of the stock in a transaction on Tuesday, July 16th. The stock was 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 in the company, valued at approximately $6,119,949.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 stock was sold at an average price of $6.34, for a total value 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 approximately $82,299,679.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,013,500 shares of company stock valued at $32,181,365. 0.54% of the stock is currently owned by company insiders.

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.