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

Blodgett Wealth Advisors LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the investment management company’s stock after selling 250 shares during the quarter. Blodgett Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in The Goldman Sachs Group by 13.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock valued at $64,291,000 after buying an additional 20,018 shares during the last quarter. HTLF Bank bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at about $850,000. Wealth Alliance raised its stake in shares of The Goldman Sachs Group by 17.3% during the fourth quarter. Wealth Alliance now owns 1,035 shares of the investment management company’s stock valued at $399,000 after purchasing an additional 153 shares in the last quarter. Trueblood Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at about $989,000. Finally, TBH Global Asset Management LLC grew its holdings in The Goldman Sachs Group by 2.0% during the third quarter. TBH Global Asset Management LLC now owns 3,676 shares of the investment management company’s stock worth $1,190,000 after acquiring an additional 72 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on GS. JMP Securities lifted their target price on 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. Daiwa Capital Markets raised The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $410.00 to $430.00 in a research note on Thursday, March 14th. Oppenheimer lifted their price target on The Goldman Sachs Group from $446.00 to $479.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. UBS Group lifted their target price on The Goldman Sachs Group from $382.00 to $440.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Finally, Bank of America lifted their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $434.93.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the sale, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other The Goldman Sachs Group news, Treasurer Philip R. Berlinski sold 11,650 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the completion of the transaction, the treasurer now owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Up 1.7 %

NYSE:GS traded up $7.32 during mid-day trading on Friday, hitting $427.37. The company had a trading volume of 2,322,454 shares, compared to its average volume of 2,385,898. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $428.53. The business’s fifty day moving average is $400.27 and its two-hundred day moving average is $370.11. The firm has a market cap of $138.69 billion, a P/E ratio of 16.69, a P/E/G ratio of 1.36 and a beta of 1.43. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the prior year, the firm posted $8.79 earnings per share. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 35.39 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.57%. The ex-dividend date is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

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.